X0202 4 2004-07-01 0000867058 MERCURY INTERACTIVE CORP MERQ 0001204305 SKAER SUSAN J MERCURY INTERACTIVE CORPORATION 379 N. WHISMAN ROAD MOUNTAIN VIEW CA 94043 0 1 0 0 VP, General Counsel Common Stock 2004-07-01 4 M 0 312 29.29 A 3070 D Common Stock 2004-07-01 4 S 0 312 50.00 D 2758 D Common Stock 2004-07-01 4 M 0 520 24.29 A 3278 D Common Stock 2004-07-01 4 S 0 520 50.00 D 2758 D Common Stock 2004-07-01 4 M 0 520 31.875 A 3278 D Common Stock 2004-07-01 4 S 0 520 50.00 D 2758 D Common Stock 2004-07-01 4 M 0 648 31.41 A 3406 D Common Stock 2004-07-01 4 S 0 648 50.00 D 2758 D Employee Stock Option (right to buy) 29.29 2004-07-01 4 M 0 312 0 D 2003-01-22 2012-01-22 Common Stock 312 177860 D Employee Stock Option (right to buy) 24.29 2004-07-01 4 M 0 520 0 D 2002-11-02 2011-11-02 Common Stock 520 177340 D Employee Stock Option (right to buy) 31.875 2004-07-01 4 M 0 520 0 D 2002-04-04 2011-04-04 Common Stock 520 176820 D Employee Stock Option (right to buy) 31.41 2004-07-01 4 M 0 648 0 D 2004-01-03 2013-01-03 Common Stock 648 176172 D Includes 927 shares of common stock acquired on February 15, 2004 pursuant to the Company's Employee Stock Purchase Plan. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. 25% of the total number of shares subject to the option vest one year from the vesting commencement date and the remaining 75% vest on a monthly basis over the next 36 months. The option is immediately exercisable for all shares subject to the option, including those that have not yet vested, however, unvested shares purchased through option exercises are subject to the issuer's right of repurchase upon the termination of employment. Susan J. Skaer 2004-07-01