Wave Systems Corp. (fka WAVXQ)

[RBLTG]

SOURCE: Form 4

ISSUER: WAVE SYSTEMS CORP
SYMBOL: WAVX

FILER: GILDER GEORGE
TITLE: Director

DATE TRANSACTION SHARES PRICE VALUE
3/29/05 Purchase 25,000 $0.95 $23,730

OWNERSHIP: 29,000 (Direct)

The Form 4 is filed with the Securities and Exchange Commission by insiders
to report transactions in their companies' shares. Open market purchases
and sales must be reported within two business days of the transaction.

Insider Data Source: The Washington Service
([e-mail] or 301-913-5100)

(END) Dow Jones Newswires
03-30-05 1603ET- - 04 03 PM EST 03-30-05