X0202 4 2005-11-22 0 0001050180 PHASE FORWARD INC PFWD 0001141721 SHAUGHNESSY DENNIS R C/O PHASE FORWARD INCORPORATED 880 WINTER STREET WALTHAM MA 02451 1 0 0 0 Common Stock (Right to Buy) 10.29 2005-11-22 4 A 0 50000 0 A 2015-11-22 Common Stock 50000 50000 D This option is exercisable and vests in full on the fifth anniversary of the date of grant, provided that the optionee has served continuously as a director of Phase Forward Incorporated through the vesting date. However, if the optionee meets certain board meeting attendance criteria, this option may become exercisable and vest at the rate of one-sixteenth each quarter from the date of grant. /s/ Dennis R. Shaughnessy 2005-11-25