X0201 3/A2003-09-242003-09-2400001236038REDENVELOPE INC REDE0001261979ROBERTS JOHN W201 SPEAR STREET3RD FLOORSAN FRANCISCOCA941050100Senior VP of IT and OperationsEmployee Stock Option (Right to Buy)2.222003-04-112013-04-10Common Stock15798DEmployee Stock Option (Right to Buy)5.862003-07-142013-07-13Common Stock2988DThe option is immediately exercisable as to both vested and unvested shares. The option vests as to 25% of the shares on March 10, 2004 and 1/48 monthly thereafter. To the extent the reporting person exercises the option as to unvested shares, such shares will be subject to a repurchase right held by the Issuer, which right will lapse in accordance with the vesting schedule for the option grant.Reflects a 1 for 11.71 reverse stock split of the Issuer's capital stock effected on September 23, 2003.The option is immediately exercisable as to both vested and unvested shares. The option vests as to 8/48 of the shares on the 8 month anniversary of July 14, 2003 and 1/48 monthly thereafter. To the extent the reporting person exercises the option as to unvested shares, such shares will be subject to a repurchase right held by the Issuer, which right will lapse in accordance with the vesting schedule for the option grant./s/ Eric Wong, Attorney-in-Fact for John W. Roberts2003-10-22