EGAIN Corp — Director's Dealing 2007

Nov 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EGAIN COMMUNICATIONS CORP (egan.ob)
CIK: 0001066194
Period of Report: 2007-11-27

Reporting Person: ROY ASHUTOSH (Director, Chief Executive Officer, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-27	Common Stock Options	$1.25	A	250000	Acquired	2012-11-28	Common Stock (250000)	Direct

Footnotes

F1: The shares of stock subject to the option shall vest in full with respect to 100% of the Options on the first anniversary of the date of the grant. The options shall become fully vested in the event of a Change in Control of the Company occurring prior to such anniversary. The Options are exercisable for five (5) years from the date of grant.