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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1032761	Keynote Systems Inc	KEYN	Services-Business Services, Nec (7389)	943226488

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1343746	A Vikram Chaudhary	C/O Keynote Systems 777 Mariners Island Blvd. San Mateo CA 94404	Vice President Of Marketing	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2010-12-15	1,642	$14.25	0	No	4	S	Direct
Common Stock	Acquisiton	2011-01-31	1,311	$7.79	1,311	No	4	A	Direct
Common Stock	Acquisiton	2011-07-07	14,902	$10.31	16,213	No	4	M	Direct
Common Stock	Disposition	2011-07-07	14,902	$22.00	1,311	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	A	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (Right to Purchase)	Disposition	2011-07-07	14,902	$0.00	25,000	$10.31

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,098	2007-07-01	2016-07-01	No	4	M	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00			12,500	12,500	Direct
Common Stock	Employee Stock Option (Right to Purchase)	$10.95	2006-05-01	2015-05-01	75,000	75,000	Direct
Common Stock	Employee Stock Option (Right to Purchase)	$10.73	2004-07-18	2013-07-18	8,000	8,000	Direct
Common Stock	Employee Stock Option (Right to Purchase)	$13.02	2005-04-01	2014-04-01	20,000	20,000	Direct
Common Stock	Employee Stock Option (Right to Purchase)	$12.65	2009-07-07	2018-07-06	12,500	12,500	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	12,500	12,500	Direct
2015-05-01	75,000	75,000	Direct
2013-07-18	8,000	8,000	Direct
2014-04-01	20,000	20,000	Direct
2018-07-06	12,500	12,500	Direct

Footnotes

Shares were purchased through a qualified ESPP.
Sale under an established 10b5-1 plan.
Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
The restricted stock units will fully vest three years from the date of grant.
Option is fully vested as of the filing of this Form 4.
Option is exercisable as to (i)25% of the total shares as of this first anniversary date and (ii)2.083% of the total number of shares each month thereafter.