PHASE FORWARD INC 4
4 · PHASE FORWARD INC · Filed Jun 8, 2006
Insider Transaction Report
Form 4
Bleicher Paul A
Director
Transactions
- Award
Common Stock
2006-06-06+50,000→ 695,753 total
Holdings
- 66,502(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]These shares were acquired pursuant to a restricted stock award under the Phase Forward Incorporated 2004 Stock Option and Incentive Plan and are subject to certain restrictions. These restrictions will lapse with respect to 50% of the shares subject to the award on June 6, 2008, 75% on June 6, 2009, and 100% on June 6, 2010.
- [F2]These shares are held by the Paul A. Bleicher 1999 Irrevocable trust, a trust for the benefit of members of his family. The reporting person disclaims beneficial ownership of the shares held by his family trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of his family trust's shares for purposes of Section 16 or for any other purpose.