BICHARA AXEL 4
4 · Phase Forward Inc · Filed May 12, 2009
Insider Transaction Report
Form 4
BICHARA AXEL
Director
Transactions
- Award
Common Stock
2009-05-08+5,289→ 9,365 total(indirect: See Footnotes)
Holdings
- 5,196
Common Stock
Footnotes (3)
- [F1]These shares were acquired pursuant to a restricted stock unit award under the Phase Forward Incorporated Amended and Restated 2004 Stock Option and Incentive Plan and are subject to certain restrictions. These restrictions will lapse with respect to 100% of the shares subject to the award on the earlier of May 8, 2010 or the next annual meeting of stockholders.
- [F2]These shares were acquired by Mr. Bichara, a director of the issuer. The proceeds of any sale of shares acquired by Mr. Bichara will be transferred to Atlas Venture Advisors, Inc. ("Atlas Advisors") and therefore Mr. Bichara disclaims any beneficial ownership of such shares, which belong to Atlas Advisors.
- [F3]This figure includes shares that were received by Mr. Bichara in his capacity as a partner of Atlas Venture Associates III, L.P.