X0201 42003-10-22 0001011344 PACKETEER INC PKTR 0001106035 ELLIOTT CRAIG W C/O PACKETEER, INC. 10201 N. DE ANZA BLVD CUPERTINO CA 95014 1000PKTR Common Stock2003-10-224G0600D150300DEmployee Stock Option (Right to Buy)48.0632001-01-262010-01-26PKTR Common Stock100000100000DEmployee Stock Option (Right to Buy)16.8752002-01-292011-01-29PKTR Common Stock100000100000DEmployee Stock Option (Right to Buy)4.712002-10-222011-10-22PKTR Common Stock200000200000DStock Option (Right to Buy)14.672003-05-212013-05-21PKTR Common Stock1500015000DBona fide giftThe option is exercisable as follows: (i) 25% of the option shares upon completion of one year of service from the grant date; and (ii) 1/48 of the option shares upon completion of each additional month of service.The option is exercisable immediately but vests in a series of two (2) successive equal annual installments upon the optionee's completion of each twelve months of Board service over a two-year period.Terrie Leivers, Attorney-in-fact2003-10-22