EDELMAN JOSEPH 4
4 · PENWEST PHARMACEUTICALS CO · Filed Oct 23, 2008
Insider Transaction Report
Form 4
EDELMAN JOSEPH
10% Owner
Transactions
- Purchase
Ordinary Shares
2008-10-15$5.00/sh+300$1,500→ 6,419,846 total(indirect: see footnote) - Purchase
Ordinary Shares
2008-09-29$5.00/sh+4,500$22,500→ 6,419,546 total(indirect: see footnote)
Footnotes (2)
- [F1]This Form 4 is being filed by Perceptive Life Science Master Fund Ltd. (the "Master Fund"), Perceptive Advisors LLC ("Advisors") and Joseph Edelman.
- [F2]This amount reflects the amount of securities held by the Master Fund immediately following the transaction requiring the filing of this statement. In accordance with Instruction 5(b)(iv) of Form 4, the entire amount of the Issuer's securities held by Master Fund is reported herein. Each of Mr. Edelman and Advisors disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his/its indirect pecuniary interest therein, and this report shall not be deemed an admissiion that Mr. Edelman or Advisors is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.