##### Table of Contents









UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549


Form 10-K/A


Amendment No. 1





|   |  |                                                                                             
|-- |  | --------------------------------------------------------------------------------------------
|þ  |  | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934    
|  
|   |  | For the fiscal year ended December 31, 2004                                                 
|or
|  
|o  |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934
|  
|   |  | For the transition period
    from           to                                             

Commission File Number 001-15473





OpenTV Corp.


(Exact name of Registrant as specified in its charter)


|                                                                    |  |                                         
|------------------------------------------------------------------- |  | ----------------------------------------
|British Virgin Islands                                              |  | 98-0212376                              
|(State or other jurisdiction of
     incorporation or organization) |  | (I.R.S. Employer
    Identification No.)
|                                                                   
|275 Sacramento Street
    San Francisco, California                 |  | 94111                                   
|(Address of principal executive offices)                            |  | (Zip Code)                              

Registrants telephone number, including area code:


(415) 962-5000





Securities registered pursuant to Section 12(b) of the
Act: None


Securities registered pursuant to Section 12(g) of the
Act:


Class A ordinary shares, no par value


Indicate by check mark whether the Registrant: þ o


o


þ o


o þ


















---



EXPLANATORY NOTE













TABLE OF CONTENTS


|                       |  |                                                                |  |  |        | 
|---------------------- |  | -------------------------------------------------------------- |  |  | ------ | 
|PART III              
|Item 10.               |  | Directors and Executive Officers of OpenTV                     |  |  | III-1  | 
|Item 11.               |  | Executive Compensation                                         |  |  | III-4  | 
|Item 12.               |  | Security Ownership of Certain Beneficial Owners and Management |  |  | III-12 | 
|                      
|PART IV               
|Item 15.               |  | Exhibits and Financial Statement Schedules                     |  |  | III-15 | 
|EX-31.3: CERTIFICATION
|EX-31.4: CERTIFICATION





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##### Table of Contents






PART III







|         |                                           
|-------- | ------------------------------------------
|Item 10. | Directors and Executive Officers of OpenTV



|                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|----------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Name and Age      |  | Position                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Mark H. Allen     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Age 48            |  | Our Executive Vice President and Managing Director of Technology
    Licensing and Commercial Affairs since September 2004;
    Mr. Allen also served in other executive capacities for us
    from November 2002 to September 2004; Executive Vice President
    of Corporate Development and Deputy General Counsel of Liberty
    Broadband Interactive Television from May 2002 to March 2003;
    Executive Vice President of Corporate Development and Technology
    Licensing of Gemstar-TV Guide International, Inc. from February
    2002 to May 2002, and President of TV Guide Affiliate Sales for
    TV Guide, Inc. from September 1999 to May 2002.
|Nigel B. Bennett  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Age 43            |  | Our Senior Vice President and General Manager of Europe, Middle
    East and Africa since October 2004; our Senior Vice President
    and General Manager of Worldwide Professional Services and
    Support from June 1999 to September 2004.                                                                                                                                                                                                                                                                                                                                                                                                                     
|Robert R. Bennett |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Age 47            |  | Our director since August 2002; President of Liberty Media
    Corporation since April 1997; Chief Executive Officer of Liberty
    from April 1997 to August 2005; currently a director of Liberty
    Media Corporation, Discovery Holding Company and Expedia, Inc.                                                                                                                                                                                                                                                                                                                                                                                             
|J. Timothy Bryan  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Age 44            |  | Our director since June 2003; currently an advisor to Nextel
    Communications, Inc.; Chief Financial Officer of Eagle River,
    Inc. from 2001 to 2003; an advisor for domestic and
    international telecommunications companies from 1999 to 2001;
    currently a director and Chairman of the Audit Committee for
    Clearwire Corporation and a director of ICO Global
    Communications.                                                                                                                                                                                                                                                               
|James A. Chiddix  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Age 60            |  | Our director and Executive Chairman since March 2004; our Chief
    Executive Officer since May 2004; President of MystroTV, a
    business unit of Time Warner Cable formed to provide digital
    customers with the ability to pause, rewind and restart live
    television and to recapture missed programming, from July 2001
    to January 2004; Chief Technical Officer of Time Warner Cable
    from June 1998 to July 2001.                                                                                                                                                                                                                             
|Vincent Dureau    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Age 45            |  | Our Chief Technology Officer since May 1998; our Senior Vice
    President of Engineering since 1994; prior to joining us,
    Mr. Dureau held a variety of positions in the research
    department of Thomson Multimedia in Paris and Los Angeles.                                                                                                                                                                                                                                                                                                                                                                                                               

III-1



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##### Table of Contents



|                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|----------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Name and Age      |  | Position                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Tim Evard         |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Age 58            |  | Our Senior Vice President and General Manager of Marketing and
    Applications Products since November 2004; President and Chief
    Executive Officer of Broadband iTV from January 2004 to November
    2004, a company that uses interactive technology to deliver
    community based content; Senior Vice President of WSNET from
    2002 to 2003, a company that provides digital video distribution
    to the cable television industry; Founder and Executive Vice
    President of Broadband Residential from 2000 to 2002, a company
    that provided telecommunications services to the multi-family
    housing market; Senior Vice President of Marketing of Time
    Warner from 1998 to 2002; President and co-Founder of the Time
    Warner Road Runner high-speed cable data business from April
    1994 to April 2000.
|Joel Hassell      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Age 45            |  | Our Senior Vice President and General Manager of North American
    Satellite since September 2004; our Vice President of
    Engineering from July 2003 to September 2004; Chief Operating
    Officer of ACTV, Inc. from July 2001 to July 2003; Chairman of
    the Board, Chief Executive Officer and President of Intellocity
    USA, Inc. from January 2000 to March 2001.                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|Wesley O. Hoffman |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Age 51            |  | Our Executive Vice President since August 2003; Mr. Hoffman
    has served in other capacities with our company since August
    2003; Chief Executive Officer of ICTV, Inc. from August 2001 to
    August 2003 and President from 1996 to August 2003; President
    and Chief Executive Officer of High Speed Surfing, a private
    company that designed and distributed modular DOCSIS cable
    modems for the North American market, from August 2000 to August
    2001.                                                                                                                                                                                                                                                                                                                                                             
|Mazin S. Jadallah |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Age 36            |  | Our Senior Vice President of Strategic Development since July
    2004; Vice President of Corporate Development at the Time Warner
    Interactive Video Group from 2001 to 2004; Executive Director at
    Time Warner from 1998 to 2001.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Jerry Machovina   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Age 58            |  | Our director since October 2003; currently Private Investor;
    Executive Vice President of Yankees Entertainment and Sports
    Network (YES) from September 2001 to October of 2002; Co-Chief
    Executive Officer of Mediapassage, which merged with Adauction
    (doing business as OneMediaPlace), from April 2001 to September
    2001; President and Chief Executive Officer of Adauction from
    January 2000 to April 2001; Executive Vice President of
    TCI/AT&T Broadband from January 1995 to April 2000;
    currently a director and Senior Consultant for Vehix.com.                                                                                                                                                                                                                                                   
|Shum Mukherjee    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Age 55            |  | Our Executive Vice President and Chief Financial Officer since
    June 2005; Executive Vice President, Finance and Operations and
    Chief Financial Officer at Genus, Inc., a semiconductor
    equipment company, from October 2001 to June 2005; Vice
    President, Finance and Corporate Controller for E*Trade Group
    and Chief Financial Officer for E*Trade International from 1998
    to 2001.                                                                                                                                                                                                                                                                                                                                                                                                                                 
|J. David Wargo    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Age 52            |  | Our director since August 2002; President of Wargo &
    Company, Inc., a private investment company specializing in the
    communications industry, since January 1993; currently a
    director of Strayer Education, Inc., Liberty Global, Inc. and
    Discovery Holding Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

III-2



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|                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|----------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Name and Age      |  | Position                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Anthony G. Werner |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Age 48            |  | Our director since August 2002; Senior Vice President and Chief
    Technology Officer of Liberty Global, Inc. since June 2005;
    Senior Vice President and Chief Technology Officer of Liberty
    Media Corporation from August 2001 until June 2005; Senior Vice
    President of Strategic Technologies at Qwest Communications from
    May 2001 to August 2001; President and Chief Executive Officer
    of Aurora Networks, from October 2000 to May 2001; Executive
    Vice President and Chief Technology Officer of AT&T
    Broadband, previously TCI, from July 1994 to October 2000;
    currently a director of Dycom Industries, Inc.
|Scott Wornow      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Age 43            |  | Our Senior Vice President, General Counsel and Corporate
    Secretary since October 2003; Vice President, General Counsel,
    Corporate Secretary and Chief Restructuring Officer of OmniSky
    Corporation, a wireless data provider, from May 2000 to December
    2002; Partner in the New York office of the international law
    firm of Paul, Hastings, Janofsky & Walker LLP, from
    February 1998 to May 2000.                                                                                                                                                                                                                            
|Michael Zeisser   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Age 40            |  | Our director since October 2003; our Interim Chairman from
    December 2003 through March 2004; Senior Vice President of
    Liberty Media Corporation since September 2003; Partner at
    McKinsey & Company from December 1996 through September
    2003.                                                                                                                                                                                                                                                                                                                                                                                          



III-3



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##### Table of Contents



Audit Committee






www.opentv.com


Section 16(a) Beneficial Ownership Reporting
Compliance






Code of Ethics


www.opentv.com







|         |                       
|-------- | ----------------------
|Item 11. | Executive Compensation



III-4



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##### Table of Contents





Summary Compensation Table


|                      |                                           |      |      |                     |     |              |          |         |            |              |         |           |            |         |         |              |      |  |           |         |      |  |         |         |     
|--------------------- | ----------------------------------------- | ---- | ---- | ------------------- | --- | ------------ | -------- | ------- | ---------- | ------------ | ------- | --------- | ---------- | ------- | ------- | ------------ | ---- |  | --------- | ------- | ---- |  | ------- | ------- | ----
|                      |                                           |      |      |                     |     |              |          |         |            | Long Term    |         |           |           
|                      |                                           |      |      |                     |     | Compensation |          |         |           
|                      |                                           |      |      | Annual Compensation |     |              | Awards   |         |            |             
|                      |                                           |      |      |                     |     |              |          |         |            |             
|                      |                                           |      |      |                     |     | Other Annual |          |         | Securities |              |         | All Other |           
|                      |                                           |      |      | Salary              |     |              | Bonus(*) |         |            | Compensation |         |           | Underlying |         |         | Compensation |     
|Name                  |                                           | Year |      |                     | ($) |              |          | ($)     |            |              | ($)     |           |            | Options |         |              | ($)  | 
|                      |                                           |      |      |                     |     |              |          |         |            |              |         |           |            |         |         |              |      | 
|James A. Chiddix(1)   |                                           |      | 2004 |                     |     |              | 337,500  |         |            |              | 112,500 |           |            |         |        |              |      |  | 1,000,000 |         |      |  | 3,000   | (3)    
|                      | Chief Executive Officer                   |      |      |                     |     |              |          |         |            |              |         |           |            |         |         |              |      |  |           | 500,000 | (2)  |  |         |         |     
|                      |                                           |      |      | 2003                |     |              |          |        |            |              |         |          |            |         |         |             |      |  |           |        |      |  |         |        |     
|                      |                                           |      |      | 2002                |     |              |          |        |            |              |         |          |            |         |         |             |      |  |           |        |      |  |         |        |     
|James J. Ackerman(4)  |                                           |      | 2004 |                     |     |              | 420,733  |         |            |              |        |           |            |         | 750,000 | (5)          |      |  |          |         |      |  | 453,820 | (6)    
|                      | Former Chief Executive                    |      |      | 2003                |     |              |          | 420,733 |            |              |         | 93,910    |            |         |         | 790,856      | (7)  |  |           | 200,000 |      |  |         | 359,400 | (8) 
|                      | Officer                                   |      |      | 2002                |     |              |          | 420,733 |            |              |         |          |            |         |         | 767,765      | (9)  |  |           |        |      |  |         | 597,000 | (10)
|Mark H. Allen(11)     |                                           |      | 2004 |                     |     |              | 339,863  |         |            |              | 148,750 |           |            |         |        |              |      |  | 40,000    |         |      |  |        |        
|                      | Executive Vice President                  |      |      | 2003                |     |              |          |        |            |              |         | 91,105    | (12)       |         |         |             |      |  |           | 150,000 | (13) |  |         |        |     
|                      | & Managing Director                       |      |      | 2002                |     |              |          |        |            |              |         |          |            |         |         |             |      |  |           |        |      |  |         |        |     
|                      | Technology Licensing & Commercial Affairs |      |      |                     |     |              |          |         |            |              |         |           |            |         |         |              |      |  |           |         |      |  |         |         |     
|Wesley O. Hoffman(14) |                                           |      | 2004 |                     |     |              | 275,000  |         |            |              | 96,250  |           |            |         |        |              |      |  | 50,000    |         |      |  | 3,000   | (3)    
|                      | Executive Vice President                  |      |      | 2003                |     |              |          | 96,955  |            |              |         | 21,526    |            |         |         |             |      |  |           | 100,000 |      |  |         | 2,000   | (3) 
|                      | & General Manager of                      |      |      | 2002                |     |              |          |        |            |              |         |          |            |         |         |             |      |  |           |        |      |  |         |        |     
|                      | North American Cable                      |      |      |                     |     |              |          |         |            |              |         |           |            |         |         |              |      |  |           |         |      |  |         |         |     
|Alec Livingstone(15)  |                                           |      | 2004 |                     |     |              | 315,100  |         |            |              | 117,928 |           |            |         |        |              |      |  | 40,000    |         |      |  |        |        
|                      | Senior Vice President                     |      |      | 2003                |     |              |          | 281,100 |            |              |         | 70,885    |            |         |         | 49,000       | (16) |  |           | 50,000  |      |  |         |        |     
|                      | Engineering, EMEA                         |      |      | 2002                |     |              |          | 259,100 |            |              |         |          |            |         |         |             |      |  |           |        |      |  |         |        |     
|Scott Wornow(17)      |                                           |      | 2004 |                     |     |              | 240,000  |         |            |              | 84,000  |           |            |         |        |              |      |  | 40,000    |         |      |  |        |        
|                      | Senior Vice President,                    |      |      | 2003                |     |              |          | 48,256  |            |              |         | 10,567    |            |         |         |             |      |  |           | 45,000  |      |  |         |        |     
|                      | General Counsel and                       |      |      | 2002                |     |              |          |        |            |              |         |          |            |         |         |             |      |  |           |        |      |  |         |        |     
|                      | Secretary                                 |      |      |                     |     |              |          |         |            |              |         |           |            |         |         |              |      |  |           |         |      |  |         |         |     






| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (*) | Bonus compensation is displayed for the year such bonus was
    earned. Bonus awards for the years ended December 31, 2003
    and 2004 were paid in the form of OpenTV Class A ordinary
    shares, except for the bonus paid in cash to Mr. Chiddix in 2004
    pursuant to the terms of his employment agreement. The 2004
    bonus awards described above (other than the bonus paid to Mr.
    Chiddix) were determined and issued after the date our Annual
    Report on Form 10-K for 2004 was filed with the Securities
    and Exchange Commission, and were subsequently disclosed in our
    current report on Form 8-K filed on April 1, 2005.                                                                                                                                                                                                                         
|
| | (1) | Mr. Chiddixs employment as our Chief Executive
    Officer commenced in May 2004.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|
| | (2) | Represents options to purchase up to 500,000 OpenTV Class A
    ordinary shares granted to Mr. Chiddix. The options are
    separated into tranches and the vesting of each tranche is
    subject to the achievement of performance objectives. If, and
    when, the performance objectives relating to any particular
    tranche are satisfied, as determined by our board of directors,
    the stock options underlying such tranche will begin vesting,
    with twenty percent vesting on the date such performance
    objective is satisfied and the remainder of the options
    underlying that tranche vesting in equal installments on the
    first, second, third and fourth anniversary of such date. If the
    performance objectives of any particular tranche are not
    achieved, the options relating to such tranche will expire
    without further action.

III-5



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##### Table of Contents





| |     |                                                                                                                                                                                                                                                                                                                             
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (3) | Represents matching contributions made to the individuals
    401(k) plan account in the fiscal year.                                                                                                                                                                                                                      
|
| | (4) | Mr. Ackerman resigned as Chief Executive Officer and
    Director in May 2004.                                                                                                                                                                                                                                              
|
| | (5) | Represents (i) loan forgiveness ($602,011) and
    (ii) the fair market value of 43,662 shares granted to
    Mr. Ackerman on January 2, 2004 ($147,989). For a more
    detailed description of the loan forgiveness, see Certain
    Relationships and Related Transactions  Forgiveness
    of Executive Officer Loan.
|
| | (6) | Represents (i) a severance payment ($410,367), of which
    $210,367 was paid in 2004 and $200,000 was paid in 2005,
    (ii) vacation payment ($40,454) and (iii) a $3,000
    matching contribution made to Mr. Ackermans 401(k)
    plan account.                                                                       
|
| | (7) | Represents (i) loan forgiveness ($602,011), (ii) the
    fair market value of 121,402 of our Class A ordinary shares
    granted to Mr. Ackerman in October 2003 ($147,989) and
    (iii) reimbursement of part of Mr. Ackermans
    automobile and other expenses ($40,856).                                              
|
| | (8) | Represents a payment of $356,400 made pursuant to a management
    retention agreement with Mr. Ackerman and a $3,000 matching
    contribution made to Mr. Ackermans 401(k) plan
    account.                                                                                                                             
|
| | (9) | Represents (i) loan forgiveness ($602,011), (ii) the
    fair market value of 17,830 of our Class A ordinary shares
    granted to Mr. Ackerman on January 2, 2002 ($147,989)
    and (iii) reimbursement of part of Mr. Ackermans
    automobile and other expenses ($17,765).                                            



|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(10) | Represents a payment of $594,000 made pursuant to a management
    retention agreement with Mr. Ackerman and a $3,000 matching
    contribution made to Mr. Ackermans 401(k) plan
    account.                                                                                                                                                                                                                                                                                                                 
|    
|(11) | Mr. Allens employment with us commenced in March
    2004. Prior to that time, Mr. Allen provided services to us
    through Liberty Broadband Interactive Television, a company that
    formerly provided management services to us.                                                                                                                                                                                                                                                                         
|    
|(12) | Represents payments made in connection with services provided to
    us through Liberty Broadband Interactive Television.                                                                                                                                                                                                                                                                                                                                                                                       
|    
|(13) | Represents an option to purchase (i) 50,000 shares
    granted on June 12, 2003 and (ii) 100,000 shares
    granted on September 1, 2003, in each case, in connection
    with services provided to us through Liberty Broadband
    Interactive Television.                                                                                                                                                                                                                                                    
|    
|(14) | Mr. Hoffmans employment with us commenced in August
    2003.                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    
|(15) | Dr. Livingstones salary and bonus are paid in pound
    sterling and the amounts have been translated into United States
    dollars. Dr. Livingstones salary was converted to
    U.S. dollars by applying the Interbank annual average pound
    sterling/ U.S. dollar exchange rate for the applicable
    fiscal year. Dr. Livingstones 2003 bonus award was
    converted to U.S. dollars by applying the Interbank pound
    sterling/ U.S. dollar exchange rate applicable as of
    January 14, 2004.
|    
|(16) | Represents a tax equalization payment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|    
|(17) | Mr. Wornows employment with us commenced in October
    2003.                                                                                                                                                                                                                                                                                                                                                                                                                                                  



Option Grants in 2004




III-6



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|                  |  |            |           |     |               |  |    |          |  |   |            |                               |  |    |           |  |     |   |           |  |  |   |           | 
|----------------- |  | ---------- | --------- | --- | ------------- |  | -- | -------- |  | - | ---------- | ----------------------------- |  | -- | --------- |  | --- | - | --------- |  |  | - | --------- | 
|                  |  | Number of  |           |     | Percent of    |  |    |          |  |   |            | Potential Realizable Value at | 
|                  |  | Securities |           |     | Total Options |  |    |          |  |   |            | Assumed Rates of Stock Price  | 
|                  |  | Underlying |           |     | Granted to    |  |    |          |  |   |            | Appreciation for Option Term  | 
|                  |  | Options    |           |     | Employees in  |  |    | Exercise |  |   | Expiration |                               |  |    |          
|Name              |  | Granted    |           |     | Fiscal Year   |  |    | Price    |  |   | Date       |                               |  | 5% |           |  | 10% |  
|                  |  |            |           |     |               |  |    |          |  |   |            |                               |  |    |           |  |     |  
|James A. Chiddix  |  |            | 1,000,000 |     |               |  | 36 | %        |  | $ | 2.99       |                               |  |    | 3/23/2014 |  |     | $ | 1,880,395 |  |  | $ | 4,765,290 | 
|                  |  |            | 500,000   | (1) |               |  | 18 | %        |  | $ | 2.99       |                               |  |    | 3/23/2014 |  |     | $ | 940,197   |  |  | $ | 2,382,645 | 
|James J. Ackerman |  |            |          |     |               |  |   |          |  |   |           |                               |  |    |          |  |     |   |          |  |  |   |          | 
|Mark H. Allen     |  |            | 40,000    |     |               |  | 1  | %        |  | $ | 2.99       |                               |  |    | 3/23/2014 |  |     | $ | 75,216    |  |  | $ | 190,612   | 
|Wesley O. Hoffman |  |            | 50,000    |     |               |  | 2  | %        |  | $ | 2.99       |                               |  |    | 3/23/2014 |  |     | $ | 94,020    |  |  | $ | 238,265   | 
|Alec Livingstone  |  |            | 40,000    |     |               |  | 1  | %        |  | $ | 2.99       |                               |  |    | 3/23/2014 |  |     | $ | 75,216    |  |  | $ | 190,612   | 
|Scott Wornow      |  |            | 40,000    |     |               |  | 1  | %        |  | $ | 2.99       |                               |  |    | 3/23/2014 |  |     | $ | 75,216    |  |  | $ | 190,612   | 






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Represents options to purchase up to 500,000 OpenTV Class A
    ordinary shares granted to Mr. Chiddix. The options are
    separated into tranches and the vesting of each tranche is
    subject to the achievement of performance objectives. If, and
    when, the performance objectives relating to any particular
    tranche are satisfied, as determined by our board of directors,
    the stock options underlying such tranche will begin vesting,
    with twenty percent vesting on the date such performance
    objective is satisfied and the remainder of the options
    underlying that tranche vesting in equal installments on the
    first, second, third and fourth anniversary of such date. If the
    performance objectives of any particular tranche are not
    achieved, the options relating to such tranche will expire
    without further action.

Option Exercises in 2004 and Year-End Option Values




III-7



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##### Table of Contents





|                  |  |          |   |  |          |                      |                            |             |                             |                         |               |  |  |             |           |     |               |  |   |  |  |   |         | 
|----------------- |  | -------- | - |  | -------- | -------------------- | -------------------------- | ----------- | --------------------------- | ----------------------- | ------------- |  |  | ----------- | --------- | --- | ------------- |  | - |  |  | - | ------- | 
|                  |  |          |   |  |          | Number of Securities |                            |             | Value of Unexercised In-The |                        
|                  |  | Shares   |   |  |          |                      | Underlying Unexercised     |             |                             | Money Options at Fiscal |              
|                  |  | Acquired |   |  |          |                      | Options at Fiscal Year End |             |                             | Year-End                |              
|                  |  | Upon     |   |  | Value    |                      |                            |             |                             |                         |               | 
|Name              |  | Exercise |   |  | Realized |                      |                            | Exercisable |                             |                         | Unexercisable |  |  | Exercisable |           |     | Unexercisable | 
|                  |  |          |   |  |          |                      |                            |             |                             |                         |               |  |  |             |           |     |               | 
|James A. Chiddix  |  |          |  |  |          |                      |                           |             |                             |                         |              |  |  |             | 1,000,000 |     |               |  |  |  |  | $ | 850,000 | 
|                  |  |          |  |  |          |                      |                           |             |                             |                         |              |  |  |             | 500,000   | (1) |               |  |  |  |  |   | 425,000 | 
|James J. Ackerman |  |          |  |  |          |                      |                           |             |                             |                         | 395,833       |  |  |             | 204,167   |     |               |  |  |  |  |   | 412,000 | 
|Mark H. Allen     |  |          |  |  |          |                      |                           |             |                             |                         | 25,000        |  |  |             | 165,000   |     |               |  |  |  |  |   | 137,000 | 
|Wesley O. Hoffman |  |          |  |  |          |                      |                           |             |                             |                         |              |  |  |             | 150,000   |     |               |  |  |  |  |   | 112,500 | 
|Alec Livingstone  |  |          |  |  |          |                      |                           |             |                             |                         | 43,583        |  |  |             | 90,417    |     |               |  |  |  |  |   | 144,500 | 
|Scott Wornow      |  |          |  |  |          |                      |                           |             |                             |                         |              |  |  |             | 85,000    |     |               |  |  |  |  |   | 34,000  | 






|    |                                                                                                                                                                
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Represents performance-based stock options to purchase 500,000
    OpenTV Class A ordinary shares granted to Mr. Chiddix, as
    described in the tables above.

Compensation of Directors


Base Compensation and Expense Reimbursement.




Options.




III-8



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##### Table of Contents



Employment Agreements




| |                                                  
| | -------------------------------------------------
| | Employment agreement with Chief Executive Officer













III-9



---



##### Table of Contents







| |                                                   
| | --------------------------------------------------
| | Employment Letters With Certain Executive Officers









| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                               
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | payment for all unpaid salary, reimbursable business expenses
    not theretofore paid and accrued vacation time up to the date of
    termination;                                                                                                                                                                                                                                                                                           
|
| |  | salary continuation for a period of six months after termination
    (or 12 months in the case of Mr. Allen, or nine months
    in the case of Mr. Hoffman), unless such termination is
    within 12 months of a change in control (as
    defined in their respective employment agreements), in which
    case each would be entitled to receive 12 months of salary
    paid (or 18 months in the case of Mr. Allen);                   
|
| |  | continued vesting of stock options for a period of six months
    after termination (or 12 months in the case of
    Mr. Allen, or nine months in the case of Mr. Hoffman),
    unless such termination is within 12 months of a
    change in control (as defined in their respective
    employment agreements), in which case each would be entitled to
    receive 12 months of vesting (or 18 months in the case
    of Mr. Allen); and
|
| |  | continued exercisability of stock options for a period of
    90 days following the date on which the last stock options
    referred to in the preceding bullet point shall have vested.                                                                                                                                                                                                                                                     



III-10



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##### Table of Contents





| |                                                             
| | ------------------------------------------------------------
| | Letter Agreement with our Former Chief Financial
    Officer



Compensation Committee Interlocks and Insider
Participation




III-11



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##### Table of Contents








|         |                                                                   
|-------- | ------------------------------------------------------------------
|Item 12. | Security Ownership of Certain Beneficial Owners and
    Management

Securities Authorized for Issuance Under Equity Compensation
Plans.




Five Percent Beneficial Holders






|                                     |                                             |          |         |         |           |  |           |            |  |  |        |      |   |  |      |      | 
|------------------------------------ | ------------------------------------------- | -------- | ------- | ------- | --------- |  | --------- | ---------- |  |  | ------ | ---- | - |  | ---- | ---- | 
|                                     |                                             | Class of |         |         | Number of |  |           | Percent of |  |  | Voting |     
|Name and Address of Beneficial Owner |                                             | Stock    |         |         | Shares    |  |           | Class      |  |  | Power  |     
|                                     |                                             |          |         |         |           |  |           |            |  |  |        |     
|H. Chase Lenfest                     |                                             |          | Class A |         |           |  | 5,221,462 | (1)        |  |  | 5.3    | %    |   |  | 1.3  | %   
|Liberty Media Corporation(2)         |                                             |          | Class A |         |           |  | 8,847,667 |            |  |  | 9.0    | %    |   |  | 77.6 | %   
|                                     | 12300 Liberty Boulevard                     |          |         | Class B |           |  |           | 30,510,150 |  |  |        | 99.6 | % |  |      |     | 
|                                     | Englewood, CO 80112                         |          |         |         |           |  |           |            |  |  |        |      |   |  |      |      | 
|Sun Microsystems, Inc.(3)            |                                             |          | Class A |         |           |  |          |            |  |  |       |      |   |  | 15.8 | %(4)
|                                     | 901 San Antonio Road                        |          |         | Class B |           |  |           | 7,594,796  |  |  |        | 19.9 | % |  |      |     | 
|                                     | Mail Stop PAL 1-S21
    Palo Alto, CA 94304 |          |         |         |           |  |           |            |  |  |        |      |   |  |      |      | 






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | These shares were issued pursuant to the Asset Purchase
    Agreement dated as of September 7, 2005 by and among
    OpenTV, OpenTV Advertising Holdings, Inc., a wholly owned
    subsidiary of OpenTV, CAM Systems, L.L.C., StarNet, L.P.,
    StarNet Management, L.L.C., H. Chase Lenfest, H. F. Lenfest and
    HCL Family Holdings, L.P. Mr. H. Chase Lenfest is the
    representative for the sellers under that Agreement and, for
    purposes of this table, is assumed by us to have beneficial
    ownership of all shares issued in connection with that
    transaction.                                
|   
|(2) | Liberty Media holds 2,313,716 Class A ordinary shares and
    303,966 Class B ordinary shares through its subsidiary LDIG
    OTV, Inc., 5,866,640 Class A ordinary shares through its
    subsidiary Liberty IATV, Inc.; and 667,311 Class A ordinary
    shares and 30,206,154 Class B ordinary shares through its
    subsidiary Liberty IATV Holdings, Inc. The voting power
    information set forth in the table with respect to Liberty Media
    Corporation assumes that the Class B ordinary shares
    referred to in footnote 4 below, which would be issued to
    Sun Microsystems, are not outstanding.
|   
|(3) | Sun Microsystems, Inc., through its subsidiary Sun TSI
    Subsidiary, Inc., owns 7,594,796 shares of Class B
    common stock of our subsidiary OpenTV, Inc., which may be
    exchanged at any time into an                                                                                                                                                                                                                                                                                                                                                                                                          

III-12



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##### Table of Contents



|    |                                                                                                                                                                                                                                                                                                                                                                                                
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | equal number of our Class B ordinary shares. The shares,
    which do not confer voting rights on matters presented for a
    vote of our stockholders unless converted into our Class B
    ordinary shares, have been held by Sun Microsystems, Inc. since
    August 1999, which was prior to our initial public offering.                                                                  
|   
|(4) | Assumes conversion into our Class B ordinary shares. If
    that conversion were to occur, and the company were to issue
    additional Class B ordinary shares, Liberty Media
    Corporations percentage ownership of the Class B
    ordinary shares would be reduced from 99.6% to 79.8% and Sun
    Microsystems percentage ownership would be 19.9% of the
    Class B ordinary shares.

Security Ownership of Management








|                         |  |                |                         |                   |           |  |         |          |  |        |       |  |  |  |   | 
|------------------------ |  | -------------- | ----------------------- | ----------------- | --------- |  | ------- | -------- |  | ------ | ----- |  |  |  | - | 
|                         |  |                |                         | Amount and Nature |           |  |         |          | 
|                         |  |                |                         | of Beneficial     |           |  | Percent |          |  | Voting |      
|Name of Beneficial Owner |  | Title of Class |                         |                   | Ownership |  |         | of Class |  |        | Power | 
|                         |  |                |                         |                   |           |  |         |          |  |        |       | 
|James J. Ackerman(1)     |  |                | OpenTV Class A          |                   |           |  | 601,419 | (2)      |  |        | *     |  |  |  | * | 
|                         |  |                | OpenTV Class B          |                   |           |  |        |          |  |        |      |  |  |  |   | 
|                         |  |                | Liberty Media Series  A |                   |           |  |        |          |  |        |      |  |  |  |  | 
|                         |  |                | Liberty Media Series  B |                   |           |  |        |          |  |        |      |  |  |  |   | 
|Mark H. Allen            |  |                | OpenTV Class A          |                   |           |  | 122,363 | (3)      |  |        | *     |  |  |  | * | 
|                         |  |                | OpenTV Class B          |                   |           |  |        |          |  |        |      |  |  |  |   | 
|                         |  |                | Liberty Media Series  A |                   |           |  |        |          |  |        |      |  |  |  |  | 
|                         |  |                | Liberty Media Series  B |                   |           |  |        |          |  |        |      |  |  |  |   | 

III-13



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##### Table of Contents



|                                                                         |  |                |                         |                   |           |  |            |              |  |        |       |   |  |  |     |  
|------------------------------------------------------------------------ |  | -------------- | ----------------------- | ----------------- | --------- |  | ---------- | ------------ |  | ------ | ----- | - |  |  | --- | -
|                                                                         |  |                |                         | Amount and Nature |           |  |            |              | 
|                                                                         |  |                |                         | of Beneficial     |           |  | Percent    |              |  | Voting |      
|Name of Beneficial Owner                                                 |  | Title of Class |                         |                   | Ownership |  |            | of Class     |  |        | Power |  
|                                                                         |  |                |                         |                   |           |  |            |              |  |        |       |  
|Robert R. Bennett                                                        |  |                | OpenTV Class A          |                   |           |  |           |              |  |        |      |   |  |  |    |  
|                                                                         |  |                | OpenTV Cass B           |                   |           |  |           |              |  |        |      |   |  |  |     |  
|                                                                         |  |                | Liberty Media Series  A |                   |           |  | 5,807,480  | (4),(5),(6)  |  |        | *     |   |  |  | 4.3 | %
|                                                                         |  |                | Liberty Media Series  B |                   |           |  | 16,680,253 | (5),(6)      |  |        | 12.1  | % |  |  |     |  
|J. Timothy Bryan                                                         |  |                | OpenTV Class A          |                   |           |  | 7,500      | (7)          |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | OpenTV Class B          |                   |           |  |           |              |  |        |      |   |  |  |     |  
|                                                                         |  |                | Liberty Media Series  A |                   |           |  |           |              |  |        |      |   |  |  |    |  
|                                                                         |  |                | Liberty Media Series  B |                   |           |  |           |              |  |        |      |   |  |  |     |  
|James A. Chiddix                                                         |  |                | OpenTV Class A          |                   |           |  | 40,000     |              |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | OpenTV Class B          |                   |           |  |           |              |  |        |      |   |  |  |     |  
|                                                                         |  |                | Liberty Media Series  A |                   |           |  |           |              |  |        |      |   |  |  |    |  
|                                                                         |  |                | Liberty Media Series  B |                   |           |  |           |              |  |        |      |   |  |  |     |  
|Wesley O. Hoffman                                                        |  |                | OpenTV Class A          |                   |           |  | 57,936     | (8)          |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | OpenTV Class B          |                   |           |  |           |              |  |        |      |   |  |  |     |  
|                                                                         |  |                | Liberty Media Series  A |                   |           |  |           |              |  |        |      |   |  |  |    |  
|                                                                         |  |                | Liberty Media Series  B |                   |           |  |           |              |  |        |      |   |  |  |     |  
|Alec Livingstone                                                         |  |                | OpenTV Class A          |                   |           |  | 73,819     | (9)          |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | OpenTV Class B          |                   |           |  |           |              |  |        |      |   |  |  |     |  
|                                                                         |  |                | Liberty Media Series  A |                   |           |  |           |              |  |        |      |   |  |  |    |  
|                                                                         |  |                | Liberty Media Series  B |                   |           |  |           |              |  |        |      |   |  |  |     |  
|Jerry Machovina                                                          |  |                | OpenTV Class A          |                   |           |  | 6,250      | (10)         |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | OpenTV Class B          |                   |           |  |           |              |  |        |      |   |  |  |    |  
|                                                                         |  |                | Liberty Media Series  A |                   |           |  | 59,410     |              |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | Liberty Media Series  B |                   |           |  |           |              |  |        |      |   |  |  |     |  
|J. David Wargo                                                           |  |                | OpenTV Class A          |                   |           |  | 34,166     | (11)         |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | OpenTV Class B          |                   |           |  |           |              |  |        |      |   |  |  |     |  
|                                                                         |  |                | Liberty Media Series  A |                   |           |  | 163,272    | (12)         |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | Liberty Media Series  B |                   |           |  |           |              |  |        |      |   |  |  |     |  
|Anthony G. Werner                                                        |  |                | OpenTV Class A          |                   |           |  |           |              |  |        |      |   |  |  |    |  
|                                                                         |  |                | OpenTV Class B          |                   |           |  |           |              |  |        |      |   |  |  |     |  
|                                                                         |  |                | Liberty Media Series  A |                   |           |  | 430,500    | (13)         |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | Liberty Media Series  B |                   |           |  |           |              |  |        |      |   |  |  |     |  
|Scott Wornow                                                             |  |                | OpenTV Class A          |                   |           |  | 42,299     | (14)         |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | OpenTV Class B          |                   |           |  |           |              |  |        |      |   |  |  |     |  
|                                                                         |  |                | Liberty Media Series  A |                   |           |  |           |              |  |        |      |   |  |  |    |  
|                                                                         |  |                | Liberty Media Series  B |                   |           |  |           |              |  |        |      |   |  |  |     |  
|Michael Zeisser                                                          |  |                | OpenTV Class A          |                   |           |  |           |              |  |        |      |   |  |  |    |  
|                                                                         |  |                | OpenTV Class B          |                   |           |  |           |              |  |        |      |   |  |  |     |  
|                                                                         |  |                | Liberty Media Series  A |                   |           |  | 456,100    |              |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | Liberty Media Series  B |                   |           |  |           |              |  |        |      |   |  |  |     |  
|All current directors and executive officers as a group (16
    persons) |  |                | OpenTV Class A          |                   |           |  | 878,111    | (15)         |  |        | *     |   |  |  | *   |  
|                                                                         |  |                | OpenTV Class B          |                   |           |  |           |              |  |        |      |   |  |  |     |  
|                                                                         |  |                | Liberty Media Series  A |                   |           |  | 6,916,762  | (4),(5),(6), |  |        | *     |   |  |  | 4.3 | %
|                                                                         |  |                |                         |                   |           |  |            | (12), (13)   |  |        |       |   |  |  |     |  
|                                                                         |  |                | Liberty Media Series  B |                   |           |  | 16,680,253 | (5),(6)      |  |        | 12.1  | % |  |  |     |  






| |   |                                                       
| | - | ------------------------------------------------------
| | * | Indicates less than 1 percent of class of voting power



| |     |                                                                                                                                                                         
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (1) | Mr. Ackerman resigned as Chief Executive Officer and
    Director in May 2004.                                                                                          
|
| | (2) | Includes beneficial ownership of 450,000 of our Class A
    ordinary shares that may be acquired within 60 days after
    September 30, 2005, pursuant to stock options.

III-14



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##### Table of Contents





| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (3) | Includes beneficial ownership of 62,500 of our Class A
    ordinary shares that may be acquired within 60 days after
    September 30, 2005, pursuant to stock options.                                                                                                                                                                                                                                                                                           
|
| | (4) | Includes 29,925 shares of Liberty Media Series A
    common stock held by the Liberty Media 401(k) Savings Plan.                                                                                                                                                                                                                                                                                                                                                  
|
| | (5) | Includes beneficial ownership of 2,025,640 shares of
    Liberty Media Series A common stock and
    16,679,853 shares of Liberty Media Series B common
    stock which may be acquired within 60 days after
    September 30, 2005, pursuant to stock options.
    Mr. Bennett has the right to convert the options to
    purchase shares of Liberty Media Series B common stock into
    options to purchase shares of Liberty Media Series A common
    stock.
|
| | (6) | Includes 1,246,596 shares of Liberty Media Series A
    common stock and 400 shares of Liberty Media B common stock
    owned by Hilltop Investments, Inc., which is jointly owned by
    Mr. Bennett and his wife.                                                                                                                                                                                                                                               
|
| | (7) | Includes beneficial ownership of 7,500 of our Class A
    ordinary shares that may be acquired within 60 days after
    September 30, 2005, pursuant to stock options.                                                                                                                                                                                                                                                                                            
|
| | (8) | Includes beneficial ownership of 25,000 of our Class A
    ordinary shares that may be acquired within 60 days after
    September 30, 2005, pursuant to stock options.                                                                                                                                                                                                                                                                                           
|
| | (9) | Includes beneficial ownership of 56,500 of our Class A
    ordinary shares that may be acquired within 60 days after
    September 30, 2005, pursuant to stock options.                                                                                                                                                                                                                                                                                           



|     |                                                                                                                                                                                                                                                                                                                                                           
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(10) | Includes beneficial ownership of 6,250 of our Class A
    ordinary shares that may be acquired within 60 days after
    September 30, 2005, pursuant to stock options.                                                                                                                                                                                    
|    
|(11) | Includes beneficial ownership of 9,375 of our Class A
    ordinary shares that may be acquired within 60 days after
    September 30, 2005, pursuant to stock options.                                                                                                                                                                                    
|    
|(12) | Includes (i) 8,750 shares of Liberty Media
    Series A common stock, which may be acquired within
    60 days after September 30, 2005, pursuant to stock
    options and (ii) 152,873 shares of Liberty Media
    Series A common stock held by accounts managed by
    Mr. Wargo, as to which shares Mr. Wargo has disclaimed
    beneficial ownership.
|    
|(13) | Includes beneficial ownership of 430,500 shares of Liberty
    Media Series A common stock, which may be acquired within
    60 days after September 30, 2005, pursuant to stock
    options.                                                                                                                                                             
|    
|(14) | Includes beneficial ownership of 11,250 of our Class A
    ordinary shares that may be acquired within 60 days after
    September 30, 2005, pursuant to stock options.                                                                                                                                                                                   
|    
|(15) | Includes beneficial ownership of 472,355 of our Class A
    ordinary shares that may be acquired within 60 days after
    September 30, 2005, pursuant to stock options.                                                                                                                                                                                  




PART IV







|         |                                           
|-------- | ------------------------------------------
|Item 15. | Exhibits and Financial Statement Schedules





|     |  |                                                                                                        
|---- |  | -------------------------------------------------------------------------------------------------------
|31.3 |  | Certification of Chief Executive Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.
|31.4 |  | Certification of Chief Financial Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.

III-15



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##### Table of Contents



SIGNATURES






| |                                                     
| | ----------------------------------------------------
| | OPENTV CORP.                                        
|
| | /s/ Shum Mukherjee                                  
| |                                                     
| | Shum Mukherjee                                      
| | Executive Vice President and Chief Financial Officer