Stock Trading History of Russell Channing Heard

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Russell Channing Heard since year 2005. The trader's CIK number is 1337050. At the time of this reporting, Russell Channing Heard is the Vice President of Phase Forward Inc . (stock ticker symbol PFWD). See this page for all insider trading activities at Phase Forward Inc .

Stock purchases, sales, and option exercises reported by insider *Russell Channing Heard* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2008-05-05	PFWD	Phase Forward Inc	Sale	15,262	18.66	284,788
2008-05-05	PFWD	Phase Forward Inc	Option Exercise	15,542	7.81	121,383

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Russell Channing Heard (Vice President of Phase Forward Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.