FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* BLUE COAT SYSTEMS INC (Last) (First) (Middle) 420 N. MARY AVE. (Street) SUNNYVALE CA 94085 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 04/20/2008	3. Issuer Name and Ticker or Trading Symbol PACKETEER INC [ PKTR ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) See Footnote (1) below	5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	3,559,117(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Blue Coat Systems, Inc. ("Blue Coat"), Packeteer, Inc. ("Packeteer") and Cooper Acquisition, Inc., a wholly-owned subsidiary of Blue Coat ("Cooper"), entered into an Agreement and Plan of Merger, dated as of April 20, 2008 (the "Merger Agreement"), pursuant to which Cooper agreed to commence a tender offer (the "Offer") to acquire the outstanding common stock (the "Common Shares") of Packeteer. Upon consummation of the Offer, Cooper will merge with and into Packeteer (the "Merger"). Certain officers and directors of Packeteer (the "Stockholders") entered into a tender and support agreement (the "Tender and Support Agreement"), pursuant to which the Stockholders agreed to tender their Common Shares within ten business days of the commencement of the Offer. Blue Coat has no pecuniary interest in the shares held by the Stockholders. Blue Coat expressly disclaims beneficial ownership of any shares covered by the Tender and Support Agreement and such shares are not reported herein.

Remarks:

	Kevin S. Royal	04/30/2008
	** 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 5 (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).
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