X0306 4 2012-09-07 0 0001032761 KEYNOTE SYSTEMS INC KEYN 0001511336 White Shawn Andrew 777 MARINERS ISLAND BOULEVARD SAN MATEO CA 94404 0 1 0 0 Vice President of Operations Common Stock 2012-09-07 4 S 0 500 14.00 D 2118 D Restricted Stock Units 0.00 2014-02-01 Common Stock 7500 7500 D Restricted Stock Units 0.00 2015-07-01 Common Stock 2250 2250 D Common Stock 13.01 2005-07-16 2014-07-16 Common Stock 2500 2500 D Common Stock 11.98 2006-07-01 2015-07-01 Common Stock 5000 5000 D Common Stock 10.31 2007-07-01 2016-07-01 Common Stock 3125 3125 D Common Stock 13.43 2008-08-03 2017-08-03 Common Stock 2500 2013 D Common Stock 12.65 2009-07-07 2018-07-07 Common Stock 1750 1750 D Common Stock 10.73 2004-07-18 2013-07-18 Common Stock 2500 1823 D Restricted Stock Units 0.00 2013-10-01 Common Stock 3250 3250 D Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The resticted stock units will vest on 02/01/2014. The Restricted Stock Units will vest four years from the date of grant. Option is fully vested as of the filing of this Form 4. The Restricted Stock Units will vest on 10/01/2013. Shares were purchased through a qualified ESPP. /s/ Shawn A. White 2012-09-11