Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Bonham Mark
 2. Date of Event Requiring Statement (Month/Day/Year)
02/25/2010		 3. Issuer Name and Ticker or Trading Symbol
SolarWinds, Inc. [SWI]
(Last)
(First)
(Middle)
C/O SOLARWINDS, INC., 3711 S. MOPAC EXPY., BUILDING TWO		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

AUSTIN, TX 78746		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 3,180 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)   (2) 02/25/2020 Common Stock 16,908 $ 18.87 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bonham Mark
C/O SOLARWINDS, INC.
3711 S. MOPAC EXPY., BUILDING TWO
AUSTIN, TX 78746		   X      

Signatures

/s/ Bryan A. Sims, Attorney-in-Fact for Mark Bonham 03/04/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents restricted stock units that entitle the reporting person to receive one share of issuer's common stock per restricted stock unit. The restricted stock units vest in three equal annual installments beginning February 25, 2011, subject to the reporting person's continued service through each applicable date. In the event of the termination of the reporting person, the reporting person's right to acquire the balance of the restricted stock units that have not vested as of the date of termination shall immediately terminate.
(2) 1/3 of the shares vest and become exercisable on February 25, 2011 and the remainder vest ratably over the next 24 months, subject to the reporting person's continued service through each applicable date.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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