X0201 4 2004-04-21 0 0000853273 BORLAND SOFTWARE CORP BORL 0001268913 ELLOY BRIAN C/O BORLAND SOFTWARE CORP 100 ENTERPRISE WAY SCOTTS VALLEY CA 950663247 0 1 0 0 Sr. VP of Software Products Common Stock 26250 D Stock Option (Right to Buy) 9.37 2004-04-21 4 A 0 110000 9.37 A 2005-04-21 2014-04-21 Common Stock 110000 110000 D Includes 1,250 shares acquired pursuant to the Borland Software Corporation 1999 Employee Stock Purchase Plan on November 28, 2003. The shares subject to the option vest as follows: 25% on April 21, 2005 and the remaining 75% in equal installments upon the completion of each additional month of continued employment with Borland over the 36 months thereafter, with such vesting to accelerate 100% should Mr. Elloy's employment terminate, under the circumstances specified in his employment agreement, within 12 months after a Change in Control of Borland (as such term is defined in the stock plan pursuant to which such option was granted). Timothy Stevens, Attorney-in-fact 2004-04-23