PHASE FORWARD INC 4
4 · PHASE FORWARD INC · Filed Dec 4, 2007
Insider Transaction Report
Form 4
BICHARA AXEL
Director
Transactions
- Sale
Common Stock
2007-11-30$24.85/sh−286,070$7,109,984→ 0 total(indirect: See Footnote) - Other
Common Stock
2007-11-30−12,000→ 0 total(indirect: See Footnote) - Other
Common Stock
2007-11-30+5,000→ 5,196 total
Footnotes (4)
- [F1]Reflects the sale of the Issuer's Common Stock by the following funds: 5,686 shares by Atlas Venture Entrepreneurs' Fund III, L.P.; 408 shares by Atlas Venture Entrepreneurs' Fund V, L.P.; 249,473 shares by Atlas Venture Fund III, L.P.; and 30,503 shares by Atlas Venture Fund V, L.P. Mr. Bichara is a Vice President of Atlas Venture Associates V, Inc., the general partner of Atlas Venture Associates V, L.P., which is the general partner of Atlas Venture Fund V, L.P. and Atlas Venture Entrepreneurs' Fund V, L.P. In addition, Mr. Bichara is a Vice President of Atlas Venture Associates III, Inc., the general partner of Atlas Venture Associates III, L.P., which is the general partner of Atlas Venture Fund III, L.P. and Atlas Venture Entrepreneurs' Fund III, L.P. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F2]Distribution in kind without consideration by Atlas Venture Fund III, L.P. to Atlas Venture Associates III, L.P., its general partner. Mr. Bichara is a Vice President of Atlas Venture Associates III, Inc., the general partner of Atlas Venture Associates III, L.P., which is the general partner of Atlas Venture Fund III, L.P. and Atlas Venture Entrepreneurs' Fund III, L.P. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F3]Not applicable.
- [F4]These shares were received by Mr. Bichara in his capacity as a partner of Atlas Venture Associates III, L.P.