SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Wolf Chad Alan

(Last) (First) (Middle)
181 CONSTITUTION DRIVE

(Street)
MENLO PARK CA 94025

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
KANA SOFTWARE INC [ KANA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
eVergence Pres. & KANA VP
3. Date of Earliest Transaction (Month/Day/Year)
06/14/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/14/2007 A 65,549 A (1) 65,549 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $3.07(2) 06/14/2007 A 56,999 (3) 06/13/2017 Common Sstock 56,999 $0 56,999 D
Stock Option (right to buy) $3.1 06/14/2007 A 100,000 (4) 06/13/2017 Common Stock 100,000 $0 100,000 D
Explanation of Responses:
1. Reporting Person acquired the shares of Common Stock in connection with the closing of Isser's acquisition of all membership interests of eVergance Partners LLC (the "Acquisition"). The closing sale price of Issuer's Common Stock quoted on the Over the Counter Bulletin Board on June 14, 2007, the closing date of the Acquisition, was $3.10.
2. The price determined to be the closing sale price of Issuer's common stock quoted on the Over the Counter Bulletin Board on June 13, 2007 pursuant to the terms of the Membership Interest Purchase Agreement between Issuer and the members of eVergance Partners LLC in connection with the closing of the Acquisition.
3. Immediately Exercisable.
4. The option started vesting on June 14, 2007, and vests ratably over four years. In the event (i) the Executive Officer is terminated without cause or (ii) of a change of control of the Company, then 100% of the unvested shares underlying the option shall immediately vest.
/s/ Chad Wolf 06/18/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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