X0201 42003-10-10 0001080306 PORTAL SOFTWARE INC PRSF 0001080308 LABUDA DAVID 10200 S DE ANZA BLVD CUPERTINO CA 95014 0100SVP & CTOEmployee Stock Option (Right-to-Buy)14.632003-10-104A06500014.63A2003-06-012003-04-30Common Stock6500065000D1/48th of this option first becomes exercisable on 6/1/03. The remainder of the option vests in 47 equal monthly installments.David S. Labuda by Mitchell Gaynor, Attorney-inFact2003-10-13