X0202 3 2004-07-13 0 0001050180 PHASE FORWARD INC PFWD 0001080163 WEISEL THOMAS PARTNERS GROUP LLC/CA ONE MONTGOMERY STREET SUITE 3700 SAN FRANCISCO CA 94101 0 0 1 0 0001265425 WEISEL THOMAS CAPITAL PARTNERS LP ONE MONTGOMERY STREET SUITE 3700 SAN FRANCISCO CA 94101 0 0 1 0 0001094252 TWP CEO FOUNDERS CIRCLE AI LP ONE MONTGOMERY STREET SUITE 3700 SAN FRANCISCO CA 94101 0 0 1 0 0001094251 TWP CEO FOUNDERS CIRCLE QP LP ONE MONTGOMERY STREET SUITE 3700 SAN FRANCISCO CA 94101 0 0 1 0 0001265423 WEISEL THOMAS CAPITAL PARTNERS DUTCH LP ONE MONTGOMERY STREET SUITE 3700 SAN FRANCISCO CA 94101 0 0 1 0 0001265421 WEISEL THOMAS CAPITAL PARTNERS DUTCH II LP ONE MONTGOMERY STREET SUITE 3700 SAN FRANCISCO CA 94101 0 0 1 0 0001090397 WEISEL THOMAS CAPITAL PARTNERS EMPLOYEE FUND LP ONE MONTGOMERY STREET SUITE 3700 SAN FRANCISCO CA 94101 0 0 1 0 0001265418 TWP 2000 CO INVESTMENT FUND LP ONE MONTGOMERY STREET SUITE 3700 SAN FRANCISCO CA 94101 0 0 1 0 Series C Convertible Preferred Stock 2004-07-19 Common Stock 2640845 I See Footnote 2 Series D Convertible Preferred Stock 2004-07-19 Common Stock 80475 I See Footnote 3 These securities are preferred stock of Phase Forward Incorporated and do not have an expiration date. These securities will automatically convert into shares of Phase Forward Incorporated's Common Stock upon the closing of Phase Forward Incorporated's initial public offering. See "Notes to Footnote 2" in Exhibit 99.2. See "Notes to Footnote 3" in Exhibit 99.2. Note: Upon the closing of Phase Forward Incorporated's initial public offering, the reporting persons expect to beneficially own less than 10% of the company's Common Stock. (See signatures included in Exhibit 99.1) 2004-07-13