X0202 4 2006-03-15 0001080306 PORTAL SOFTWARE INC PRSF 0001080308 LABUDA DAVID 10200 S DE ANZA BLVD CUPERTINO CA 95014 1 1 0 0 President, CEO Employee Stock Option (Right-to-Buy) 3.46 2006-03-15 4 A 0 200000 3.46 A 2006-03-01 2016-03-14 Common Stock 200000 200000 D Exercisable in forty-eight (48) successive monthly installments upon completion of each additional month of service. David Labuda by Larry Bercovich Attorney-in-Fact 2006-03-20