Liveperson Inc. — Director's Dealing 2011

May 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIVEPERSON INC (LPSN)
CIK: 0001102993
Period of Report: 2011-05-09

Reporting Person: BERNS STEVEN (Director, Former Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-09	Common Stock	M	15000	$6.97	Acquired	15000	Direct
2011-05-09	Common Stock	S	15000	$11.09	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-09	Stock Option (Right to Buy)	$6.97	M	15000	Disposed	2020-06-14	Common Stock (15000)	Direct

Footnotes

F1: Sales effected under sales plan pursuant to Rule 10b5-1(c)(1) of the Securities Exchange Act of 1934, as amended.

F2: The range of prices for the shares of Common Stock sold on this day is from $11.07 to $11.10. Mr. Berns undertakes that he
will provide, upon request by the staff of the U.S. Securities and Exchange Commission, full information regarding the
number of securities sold at each separate price.

F3: The option was immediately exercisable pursuant to resolutions approved by the Board of Directors of the Issuer. The
resolutions, among other things, approved the full acceleration of the vesting of the Option in connection with Mr. Berns'
resignation as director of the Issuer effective as of April 12, 2011.