X0201 42004-01-12 0001011344 PACKETEER INC PKTR 0001275117 CAZARES ARTURO C/O PACKETEER, INC. 10201 N. DE ANZA BLVD CUPERTINO CA 95014 0100Vice President, WW SalesEmployee Stock Option (Right to Buy)18.102004-01-124A022000018.10A2005-01-122014-01-12PKTR Common Stock220000220000DOption grant to purchase shares of Common Stock under the Packeteer, Inc. 1999 Stock Incentive Plan. The 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.Terrie Leivers, Attorney-in-fact2004-01-14