BICHARA AXEL 4
4 · Phase Forward Inc · Filed Dec 14, 2009
Insider Transaction Report
Form 4
BICHARA AXEL
Director
Transactions
- Purchase
Common Stock
2009-12-10$14.65/sh+2,000$29,300→ 11,196 total
Holdings
- 9,365(indirect: See footnotes)
Common Stock
Footnotes (2)
- [F1]This figure includes shares that were received by Mr. Bichara in his capacity as a partner of Atlas Venture Associates III, L.P.
- [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.