CHEELEY C RON 4
4 · SCHERING PLOUGH CORP · Filed Mar 3, 2009
Insider Transaction Report
Form 4
CHEELEY C RON
Senior Vice President
Transactions
- Award
Phantom Stock Unit
2009-02-27$17.39/sh+65,203$1,133,880→ 66,671.8 total→ Common Shares (65,203 underlying)
Footnotes (2)
- [F1]Each unit of phantom stock is the economic equivalent of one share of common stock. The units of phantom stock will be held in the Issuer's Phantom Stock Fund under the Issuer's non-qualified deferred compensation plan, and will become payable, in cash, following the reporting person's termination of service.
- [F2]These units include 81.99 deemed units of interest in the Issuer's phantom stock fund under the Issuer's non-qualified deferred compensation plan, as of February 27, 2009. The number of shares underlying each unit may fluctuate based on deemed plan holdings.