X0202 4 2008-06-06 1 0001011344 PACKETEER INC PKTR 0001202107 CAMPBELL STEVEN J C/O PACKETEER, INC. 10201 N. DE ANZA BLVD. CUPERTINO CA 95014 1 0 0 0 Employee Stock Option (right to buy) 15.00 2008-06-06 4 D 0 3000 D 2009-07-27 PKTR Common Stock 3000 0 D Employee Stock Option (right to buy) 12.00 2008-06-06 4 D 0 3000 D 2010-05-24 PKTR Common Stock 3000 0 D Employee Stock Option (right to buy) 7.36 2008-06-06 4 D 0 5000 D 2011-05-23 PKTR Common Stock 5000 0 D Employee Stock Option (right to buy) 6.82 2008-06-06 4 D 0 15000 D 2012-05-22 PKTR Common Stock 15000 0 D Employee Stock Option (right to buy) 14.67 2008-06-06 4 D 0 15000 D 2013-05-21 PKTR Common Stock 15000 0 D Employee Stock Option (right to buy) 14.01 2008-06-06 4 D 0 15000 D 2014-05-26 PKTR Common Stock 15000 0 D Employee Stock Option (right to buy) 12.12 2008-06-06 4 D 0 15000 D 2015-05-24 PKTR Common Stock 15000 0 D Employee Stock Option (right to buy) 11.55 2008-06-06 4 D 0 15000 D 2016-05-24 PKTR Common Stock 15000 0 D Employee Stock Option (right to buy) 9.51 2008-06-06 4 D 0 15000 D 2017-05-23 PKTR Common Stock 15000 0 D The stock option is fully vested. Pursuant to the Merger Agreement between the Issuer and Blue Coat Systems, Inc., the stock option was assumed by Blue Coat Systems, Inc. and replaced with a stock option to purchase 0.385 shares of Blue Coat Systems, Inc. common stock for each share of Issuer common stock subject to the Issuer stock option at an exercise price equal to the current exercise price divided by 0.385 per share. The stock option is exercisable as follows: the option shares?vest in a series of two equal annual installments upon the reporting person's completion of each 12 month period of Board service over 24 months from the?grant date. All of the shares underlying the stock option accelerated and vested on June 6, 2008. Robert F. Julien, Esq., Attorney-in-Fact 2008-06-10