The plastic deformation behaviour of materials has great significance for metal forming processes as well as for safety in structural design. A detailed understanding of instabilities during plastic deformations and of the underlying mechanisms is of great importance for the design of materials with stable plastic deformation and high ductility. We here present first results on the observation of pop-ins and shear band formation during indentation in a Zr-based bulk metallic glass (Vitreloy-105) with the nominal composition Zr 52.5 Cu 17.9 Ni 14.6 Al 10 Ti 5 . We concentrate thereby on observations from in-situ scanning electron microscopy (SEM) experiments using a recently developed miniaturized instrumented indentation system that can be used inside the SEM chamber. We found, for the first time, a partial correlation between displacement bursts in the load-displacement curve and shear band activity at the specimen surface. Frames from video sequences with the respective load displacement curve are presented as evidence.Metallic glasses are known for over 40 years now. Klement et al. have prepared the first metallic glass in the year 1960. [1] The glass forming process in these metals required cooling rates in the range of 10 6 Ks ±1 , which could not be reached in bulk materials. Therefore, and despite attractive mechanical properties, structural applications were not possible. New and better glass forming compositions have been found since and the necessary cooling rates have dropped considerably to reach 1 Ks ±1 today and components several mm thick can now be cast routinely. [2] The high hardness, good wear and corrosion resistance and a toughness greater than ceramics make bulk metallic glasses (BMGs) attractive materials for structural applications. [3] However, plastic deformation of BMGs is highly unstable and their ductility, particularly in tension, is very limited. [4±9] Plastic deformation is highly localized inside shear bands. In tension, ductility is often so low that only a single dominant shear band develops, which leads to specimen failure. However, extensive shear banding can be observed in compression, bending or indentation tests. A thorough understanding of the plastic deformation is necessary in order to increase tensile ductility in these materials.