SWK Holdings Corp — Director's Dealing 2005

Mar 29, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KANA SOFTWARE INC (KANA)
CIK: 0001089907
Period of Report: 2005-03-24

Reporting Person: Thompson John Melvin (EVP & Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-24	Non-Qualified Stock Option (right to buy)	$1.87	A	15600	Acquired	2015-03-23	Common Stock (15600)	Direct

Footnotes

F1: The price of the option granted is in excess of the fair market value of the Company's Common Stock on the date of grant, such fair market value being $1.67.

F2: The option starts vesting on March 24, 2005 and becomes fully vested on July 24, 2005. In the event of a change of control of 50% or more of the outstanding stock of the Company, and following such change the Executive Officer is not offered a similar position of the combined entity as held prior to the Change of Control, then 100% of the unvested shares shall immediately vest.