Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * White Shawn Andrew	2. Issuer Name and Ticker or Trading Symbol KEYNOTE SYSTEMS INC [ KEYN ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                      _____ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) Vice President of Operations
(Last)          (First)          (Middle) 777 MARINERS ISLAND BOULEVARD	3. Date of Earliest Transaction (MM/DD/YYYY) 7/16/2013
(Street) SAN MATEO, CA 94404 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	7/16/2013		M		1823	A	$10.73	3941	D
Common stock	1/31/2013		A		1144   (9)	A	$11.48	5085   (6)	D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0.00   (1)							2/1/2014   (2)	(2)	Common Stock	7500		7500	D
Restricted Stock Units	$0.00   (1)							7/1/2015   (3)	(3)	Common Stock	2250		2250	D
Common Stock	$13.01							7/16/2005   (4)	7/16/2014	Common Stock	2500		2500	D
Common Stock	$11.98							7/1/2006   (4)	7/1/2015	Common Stock	5000		5000	D
Common Stock	$10.31							7/1/2007   (4)	7/1/2016	Common Stock	3125		3125	D
Common Stock	$13.43							8/3/2008   (4)	8/3/2017	Common Stock	2500		2013	D
Common Stock	$12.65							7/7/2009   (4)	7/7/2018	Common Stock	1750		1750	D
Common Stock	$10.73	7/16/2013		M   (8)			1823	7/18/2004   (4)	7/18/2013	Common Stock	1823	$0	0	D
Restricted Stock Units	$0.00   (1)							10/1/2013   (5)	(5)	Common Stock	3250		3250	D
Restricted Stock Units	$0.00   (1)							5/15/2016   (7)	(7)	Common Stock	3000		3000	D

Explanation of Responses:
( 1)	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
( 2)	The resticted stock units will vest on 02/01/2014.
( 3)	The Restricted Stock Units will vest four years from the date of grant.
( 4)	Option is fully vested as of the filing of this Form 4.
( 5)	The Restricted Stock Units will vest on 10/01/2013.
( 6)	Represents the Reporting Persons current share holdings.
( 7)	The Restricted Stock Units will vest in 5/15/2016.
( 8)	Options of 1,823 shares were exercised on 7/16/2013 at an exercise price of $10.73 per share due to options expiring on 7/18/2013.
( 9)	Shares were purchased through a qualified ESPP.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
White Shawn Andrew 777 MARINERS ISLAND BOULEVARD SAN MATEO, CA 94404			Vice President of Operations

Signatures
/s/ Shawn A. White		7/18/2013
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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