Bridgeline Digital, Inc. — Director's Dealing 2007

Jun 28, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Bridgeline Software, Inc. (BLSW)
CIK: 0001378590
Period of Report: 2007-06-28

Reporting Person: Cebula Gary M (Exec. V.P., Treasurer and CFO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$0.003	2012-09-30	Common Stock (6667)		Direct
Stock Option (Right to Buy)	$3.00	2013-02-01	Common Stock (25000)		Direct
Stock Option (Right to Buy)	$3.75	2015-06-01	Common Stock (100000)		Direct

Footnotes

F1: These options are immediately exercisable.

F2: These options are immediately exercisable.

F3: These options became exercisable with respect to 1/3 of the underlying shares on June 1, 2006 and will become exercisable
with respect to 1/3 of the underlying shares on each of June 1, 2007 and 2008.