EGAIN Corp — Director's Dealing 2012

May 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EGAIN COMMUNICATIONS CORP (egan)
CIK: 0001066194
Period of Report: 2012-05-01

Reporting Person: JEPSON CHARLES W (SVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-01	Common Stock	M	1150	$0.78	Acquired	1150	Direct
2012-05-01	Common Stock	S	1150	$6	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-01	Employee Stock Option (right to buy)	$0.78	M	1150	Acquired	2020-06-28	Common Stock (1150)	Direct

Footnotes

F1: This sale of common sock was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on December 9, 2011.

F2: Reporting person undertakes to provide upon request by the Securities and Exchange Commission, the issuer, or a security holder of the issuer detailed information regarding the price and number of shares sold within the range indicated.

F3: The shares were sold at an exact price of $6.00 per share.

F4: This option became exercisable as to 25% of the shares on 6/28/2011 and beame exercisable as to 1/48th of the shares each full month thereafter.