UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~June~~July 512, 2007

Gensym Corporation

(Exact Name of Registrant as Specified in Charter)

Delaware

0-2796

04-2932756

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

52 Second Avenue

Burlington, MA

01803-4411

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: (781) 265-7100

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 52.02 ~~Departure~~Results of ~~Directors~~Operations orand ~~Certain~~Financial ~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Condition.

On ~~June~~ July 512, 2007, ~~the Compensation and Corporate Governance Committee of the Board of Directors of~~ Gensym Corporation ~~approved~~issued ana ~~increase~~press inrelease ~~the annual~~announcing ~~base~~financial ~~salary~~results offor ~~Philippe~~the C.quarter ~~Printz,~~ended ~~Gensym’s Vice President of Engineering, to $180,000 effective June~~March 1531, 2007 ~~and approved a bonus for Mr~~. ~~Printz~~ ~~of $17,800, payable immediately.~~ The ~~Compensation~~full ~~and~~text ~~Corporate Governance Committee also approved a 2007 executive bonus plan for Mr. Printz that provides for a bonus~~ of ~~up to $25,000 based on~~ the ~~achievement~~press ofrelease ~~specified~~issued ~~2007~~in ~~revenue~~connection ~~objectives~~with ~~by Gensym. The amount of Mr. Printz’s bonus is subject to adjustment if Gensym fails to meet~~ the ~~revenue~~announcement ~~objectives. The bonus payment for the 2007 executive bonus plan will be made after completion of Gensym’s audit for 2007. Additionally, payment under the bonus plan~~ is ~~contingent~~furnished ~~upon Mr. Printz’s~~as ~~continued~~Exhibit ~~employment in good standing through the time of payment~~99.1 ~~The 2007 executive bonus plan also provides for the payment~~ to ~~Mr. Printz~~this Current ofReport ~~$12,500, in lieu of the bonus based~~ on ~~2007 revenue objectives, in the event of a change of control of Gensym during 2007 regardless of whether the revenue bonus objectives are or would be achieved~~Form 8-K.

OnThe ~~June 5, 2007,~~information ~~the~~in ~~Compensation~~this ~~and~~Form ~~Corporate~~8-K ~~Governance~~(including ~~Committee~~Exhibit ~~also approved, and on June 7, 2007 Gensym entered into, a severance benefits agreement with Stephen D~~99.1) ~~Allison,~~shall ~~Gensym’s~~not ~~Chief~~be ~~Financial~~deemed ~~Officer.~~“filed” ~~Pursuant to the severance benefits~~for ~~agreement,~~purposes inof ~~the event that Mr.~~Section ~~Allison~~18 isof ~~discharged~~the ~~from~~Securities ~~employment~~Exchange byAct ~~Gensym~~of ~~without~~1934 ~~cause~~ (~~as defined in~~ the ~~severance~~“Exchange ~~benefits agreement~~Act”), heor ~~will~~otherwise besubject ~~entitled~~ to ~~receive his base salary in effect on~~ the ~~date~~liabilities ~~his employment is terminated and medical insurance benefits for a severance period~~ of ~~six~~that ~~months. Under the terms of the severance benefits agreement~~section, ~~Mr. Allison~~nor isshall ~~not~~it ~~entitled~~be todeemed ~~severance~~incorporated ~~benefits~~by ifreference ~~his~~in ~~employment~~any isfiling ~~terminated~~under ~~for~~the ~~cause,~~Securities asAct ~~a result~~ of ~~his death or~~ ~~disability~~1933 or ~~due~~the toExchange ~~his~~Act, ~~own~~except ~~resignation. Mr. Allison’s severance benefits agreement is attached~~ as ~~Exhibit~~expressly ~~10.1 to this Current Report on Form 8-K and the information~~ set forth ~~therein~~by isspecific ~~incorporated~~reference byin ~~reference~~such a filing.

Item 9.01.

Financial Statements and Exhibits

(d)

Exhibits

~~See~~The ~~Exhibit~~following ~~Index~~exhibit ~~attached~~relating ~~hereto~~to Item 2.02 shall be deemed to be furnished, and not filed:

99.1 Press Release issued by Gensym Corporation on July 12, 2007

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GENSYM CORPORATION	~~GENSYM CORPORATION~~
Date: June 8, 2007		By:	/s/ STEPHEN D. ALLISON
Date: July 12, 2007
		Name:	Stephen D. Allison
	By:	/s/ STEPHEN D. ALLISON
		Title:	Vice President, Finance and Chief Financial Officer
	Name:	Stephen D. Allison
	Title:	Vice President, Finance and
		Chief Financial Officer

EXHIBIT INDEX

Exhibit No.		Description
10.1		Severance Benefits Agreement, dated June 7, 2007, between Stephen D. Allison and Gensym Corporation
99.1		Press Release issued by Gensym Corporation on July 12, 2007

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