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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2007-11-30 Sale |
2007-12-04 3:56 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director) | 286,070 | $24.85 | $7,109,984 | 0 (Indirect) | View |
| 2007-11-28- -2007-11-29 Sale |
2007-11-30 6:38 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director) | 700,000 | $23.61 | $16,528,140 | 298,070 (Indirect) |
View |
| 2007-11-20 Sale |
2007-11-21 12:27 pm |
PHASE FORWARD INC | PFWD | BICHARA AXEL (Director) | 28,744 | $23.02 | $661,782 | 998,070 (Indirect) |
View |
| 2007-11-08 Sale |
2007-11-09 2:37 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director) | 14,599 | $23.19 | $338,561 | 1,026,814 (Indirect) |
View |
| 2006-11-14- -2006-11-15 Sale | 2006-11-16 2:09 pm |
PHASE FORWARD INC | PFWD | BICHARA AXEL (Director) | 163,672 | $15.05 | $2,463,906 | 1,041,413 (Indirect) | View |
| 2006-11-10 Sale | 2006-11-14 4:00 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director) | 136,328 | $15 | $2,044,920 | 1,205,085 (Indirect) |
View |
| 2006-03-13- -2006-03-14 Sale |
2006-03-15 2:45 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director) | 88,391 | $9.504 | $840,072 | 2,091,413 (Indirect) | View |
| 2005-09-14 Sale | 2005-09-15 4:56 pm |
PHASE FORWARD INC | PFWD | BICHARA AXEL (Director 10% owner) | 190,000 | $8.97 | $1,704,300 | 3,429,803 (Indirect) | View |
| 2005-09-09- -2005-09-12 Sale | 2005-09-13 4:14 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director 10% owner) | 138,291 | $8.459 | $1,169,767 | 3,619,803 (Indirect) | View |
| 2005-09-07- -2005-09-08 Sale | 2005-09-09 3:05 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director 10% owner) | 111,709 | $8.274 | $924,301 | 3,758,094 (Indirect) |
View |
| 2005-06-14 Sale | 2005-06-16 5:23 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director 10% owner) | 45,000 | $7.61 | $342,450 | 3,869,803 (Indirect) |
View |
| 2005-06-09 Sale | 2005-06-13 5:23 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director 10% owner) | 50,000 | $6.93 | $346,500 | 3,914,803 (Indirect) |
View |
| 2005-06-06- -2005-06-08 Sale |
2005-06-08 5:55 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director 10% owner) | 154,615 | $6.82 | $1,054,507 | 3,964,803 (Indirect) |
View |
| 2005-03-14 Sale |
2005-03-16 5:27 pm |
PHASE FORWARD INC | PFWD | BICHARA AXEL (Director 10% owner) | 500,000 | $6.85 | $3,425,000 | 4,119,418 (Indirect) |
View |
| 2003-08-11 Sale |
2003-08-11 5:09 pm |
SPEECHWORKS INTERNATIONAL INC | SPWX | BICHARA AXEL (Director) | 1,267,198 | $0 | $0 | 0 (Direct Indirect) |
View |
| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded |
Average Price |
Total Amount | Shares Ownership | Filing |
| 2008-04-30 Option Award |
2008-05-02 4:08 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director) | 4,076 | $0 | $0 | 4,076 (Indirect) | View |
| 2007-11-30 Other | 2007-12-04 3:56 pm |
PHASE FORWARD INC | PFWD | BICHARA AXEL (Director) | 17,000 | $0 | $0 | 5,196 (Direct Indirect) | View |
| 2005-10-10 Other |
2005-10-12 5:17 pm | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director 10% owner) | 1,250,122 | $0 | $0 | 2,179,804 (Direct Indirect) |
View |
| Transaction & Date |
Reported Date | Exercisable Expiration | Company | Symbol | Insider Relationship |
Shares Traded | Conversion Price | Shares Ownership | Filing |
| 2005-02-16 Option Award | 2005-02-18 5:18 pm | 2006-02-16 2015-02-16 | PHASE FORWARD INC | PFWD | BICHARA AXEL (Director 10% owner) | 50,000 | $6.3 | 50,000 (Direct) | View |
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