X0202 4 2007-02-27 0000859014 COMPUWARE CORP CPWR 0001185567 GRABE WILLIAM O GENERAL ATLANTIC, LLC 3 PICKWICK PLAZA GREENWICH CT 06830 1 Common stock 2007-02-27 4 M 0 10000 7.8438 A 185437 D Common stock 2007-02-27 4 F 0 8191 9.575 D 177246 D Non-Qualified Stock Option (right to buy) 7.8438 2007-02-27 4 M 0 10000 0 D 1998-04-01 2007-04-01 Common stock 10000 0 D Option was exercised during an open window period under the Company's insider trading policy. The Option was scheduled to expire on March 31, 2007, at which time the trading window would be closed. Shares for the value of the option exercise price were transferred to Compuware Corporation pursuant to the provisions of the Non-Qualified Stock Option Agreement under which the option was granted. The Reporting Person did not sell any shares in the market. By: /s/ Daniel S. Follis, Attorney-in-Fact 2007-02-28