4 2003-05-02 0 0001011344 PACKETEER INC PKTR 0001188472 SUNDSTROM NEIL 0 1 0 0 Vice President,Worldwide Sales PKTR Common Stock 2003-05-02 4 M 0 5000 4.71 A 26643 D PKTR Common Stock 2003-05-02 4 S 0 5000 13.5 D 21643 D Employee Stock Option (right to Buy) 4.71 2003-05-02 4 M 0 5000 4.71 D 2002-10-22 2011-10-22 PKTR Common Stock 5000 90000 D The option is exercisable as follows: (i) 25% of the option shares upon completion of one year of service measured from the grant date, and (ii) 1/48 of the option shares upon completion of each additional month of service. Terrie Leivers, Attorney-in-fact 2003-05-05