GUERRY ALEXANDER ZAN III 4

4 · CHATTEM INC · Filed Feb 13, 2009

Form 4

Period: 2009-02-12

DirectorChairman and C.E.O.

Transactions

Exercise of In-Money
Common Stock
2009-02-12$67.74/sh−60,000$4,064,220→ 91,782 total
Expiration
Call Option (Obligation to sell)
2009-02-12−60,000→ 0 total
Exercise: $91.25From: 2009-02-12Exp: 2009-02-12→ Common Stock (60,000 underlying)
Exercise of In-Money
Long Puts (right to sell)
2009-02-12−60,000→ 0 total
Exercise: $67.74From: 2009-02-12Exp: 2009-02-12→ Common Stock (60,000 underlying)

Holdings

Common Stock
(indirect: Indirect)
5,424
2005 Stock Option (Right to buy)
Exercise: $38.07From: 2007-01-30Exp: 2012-01-30→ Common Stock (50,000 underlying)
50,000
2005 Stock Option (Right to buy)
Exercise: $42.09From: 2005-11-30Exp: 2012-04-20→ Common Stock (65,000 underlying)
65,000
2005 Stock Option (Right to buy)
Exercise: $59.77From: 2008-04-25Exp: 2013-04-25→ Common Stock (57,500 underlying)
57,500

Footnotes (4)

[F1]In connection with the settlement of a put option entered into on February 12, 2008 as part of a zero-cost collar arrangement, the reporting person delivered the underlying shares of stock subject to the option to the option holder and was paid the exercise price of $67.737 per share. On the same date, the related call option expired unexercised in accordance with the terms of the collar arrangement.
[F2]Shares held by reporting person through Employer 401(k) Plan.
[F3]Options vest in four equal annual installments beginning on the first exercise date.
[F4]Effective November 30, 2005, the options were fully vested pursuant to an amendment to the grant agreement under which such options were granted.

Documents

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