-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UlMqN9YGKbzJwN1TWkoQWpYtNI330MPLjksCuu6sTeG8Xv/RUR60gYFzjSAEeCPV
 tCCaecgiljb+Xr3obYJSYA==

<SEC-DOCUMENT>0001181431-04-002912.txt : 20040115
<SEC-HEADER>0001181431-04-002912.hdr.sgml : 20040115
<ACCEPTANCE-DATETIME>20040115184159
ACCESSION NUMBER:		0001181431-04-002912
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040114
FILED AS OF DATE:		20040115

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SPADAFORA SAMUEL T
		CENTRAL INDEX KEY:			0001185463

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-30293
		FILM NUMBER:		04528282

	MAIL ADDRESS:	
		STREET 1:		4125 HOPYARD RD
		CITY:			PLEASANTON
		STATE:			CA
		ZIP:			94588

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMBARCADERO TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0001107112
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				680310015
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		425 MARKET ST.
		STREET 2:		SUITE 425
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94105
		BUSINESS PHONE:		4158343131

	MAIL ADDRESS:	
		STREET 1:		425 MARKET ST.
		STREET 2:		SUITE 425
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94105
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd29246.xml
<DESCRIPTION>01-14-04 GRANT
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2004-01-14</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001107112</issuerCik>
        <issuerName>EMBARCADERO TECHNOLOGIES INC</issuerName>
        <issuerTradingSymbol>EMBT</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001185463</rptOwnerCik>
            <rptOwnerName>SPADAFORA SAMUEL T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O CHORDIANT SOFTWARE, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>20400 STEVENS CREEK BLVD., STE 400</rptOwnerStreet2>
            <rptOwnerCity>CUPERTINO,</rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode>95014</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeTransaction><securityTitle><value>Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>15.65</value></conversionOrExercisePrice><transactionDate><value>2004-01-14</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>5000</value></transactionShares><transactionPricePerShare><value>15.65</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><footnoteId id="F1"/></exerciseDate><expirationDate><value>2014-01-14</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTit
le><underlyingSecurityShares><value>5000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>5000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">(1) Vesting of the stock option will be in equal quarterly installments for a period of three years.</footnote></footnotes><ownerSignature><signatureName>Samuel T. Spadafora (By: /s/ Raj P. Sabhlok (Attorney in fact))</signatureName><signatureDate>2004-01-15</signatureDate></ownerSignature></ownershipDocument>



</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----