Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HAROIAN GARY E
   2. Issuer Name and Ticker or Trading Symbol
EMBARCADERO TECHNOLOGIES INC [EMBT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O EMBARCADERO TECHNOLOGIES, INC., 100 CALIFORNIA STREET, 12TH FLOOR		 3. Date of Earliest Transaction (Month/Day/Year)
06/25/2007
(Street)

SAN FRANCISCO, CA 94111		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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
Stock Option (Right to Buy) $ 8.35 06/25/2007   D     25,000   (1) 07/12/2014 Common Stock 25,000 $ 0 0 D  
Stock Option (Right to Buy) $ 8.9 06/25/2007   D     5,000   (1) 10/13/2014 Common Stock 5,000 $ 0 0 D  
Stock Option (Right to Buy) $ 8.04 06/25/2007   D     5,000   (1) 01/19/2015 Common Stock 5,000 $ 0 0 D  
Stock Option (Right to Buy) $ 7.47 06/25/2007   D     5,000   (1) 01/19/2016 Common Stock 5,000 $ 0 0 D  
Stock Option (Right to Buy) $ 8.27 06/25/2007   D     5,000   (1) 10/30/2016 Common Stock 5,000 $ 0 0 D  
Stock Option (Right to Buy) $ 6.76 06/25/2007   D     5,000   (2) 10/13/2015 Common Stock 5,000 (2) 0 D  
Stock Option (Right to Buy) $ 6.23 06/25/2007   D     5,000   (2) 01/19/2017 Common Stock 5,000 (2) 0 D  
Stock Option (Right to Buy) $ 6.04 06/25/2007   D     5,000   (2) 05/01/2016 Common Stock 5,000 (2) 0 D  
Stock Option (Right to Buy) $ 5.88 06/25/2007   D     5,000   (2) 07/31/2016 Common Stock 5,000 (2) 0 D  
Stock Option (Right to Buy) $ 5.62 06/25/2007   D     5,000   (2) 07/14/2015 Common Stock 5,000 (2) 0 D  
Stock Option (Right to Buy) $ 5 06/25/2007   D     5,000   (2) 04/15/2015 Common Stock 5,000 (2) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HAROIAN GARY E
C/O EMBARCADERO TECHNOLOGIES, INC.
100 CALIFORNIA STREET, 12TH FLOOR
SAN FRANCISCO, CA 94111		   X      

Signatures

 /s/ Michael Shahbazian   06/27/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) This option was canceled in the merger pursuant to an Agreement and Plan of Merger, dated as of April 5, 2007, by and among EMB Holding Corp., EMBT Merger Corp. and the Issuer (the "Merger Agreement") without payment.
(2) This option was canceled in the merger pursuant to the Merger Agreement in exchange for the right to receive a cash payment, without interest, less applicable withholding taxes, in an amount equal to the product of (i) the total number of shares of the Issuer's common stock subject to the option, multiplied by (ii) the excess of $7.20 over the exercise price per share of the Issuer's common stock underlying this option.

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