WEST RONALD A 4

4 · LANNETT CO INC · Filed Jun 30, 2009

Form 4

Period: 2003-04-29

Director

Transactions

Award
Option to Buy
2003-10-24+15,000→ 15,000 total
Exercise: $17.36Exp: 2013-10-24→ Common Stock (15,000 underlying)
Award
Option to Buy
2006-11-28+5,000→ 5,000 total
Exercise: $6.89Exp: 2016-11-28→ Common Stock (5,000 underlying)
Award
Common Stock
2007-09-18+5,000→ 12,310 total
Sale
Common Stock
2009-06-11$5.75/sh−4,700$27,025→ 9,310 total
Award
Option to Buy
2003-04-29+9,948→ 9,948 total
Exercise: $7.97From: 2003-04-29Exp: 2013-04-29→ Common Stock (9,948 underlying)
Award
Common Stock
2008-09-10+5,000→ 17,310 total
Sale
Common Stock
2009-06-10$5.75/sh−3,300$18,975→ 14,010 total
Award
Option to Buy
2004-05-11+25,000→ 25,000 total
Exercise: $16.04Exp: 2014-05-11→ Common Stock (25,000 underlying)

Footnotes (6)

[F1]Represents restricted stock awards, vesting in 1/3 annual increments on 9/10/2008, 9/10/2009 and 9/10/2010.
[F2]Represents restricted stock awards, vested 100% on the date of grant.
[F3]Original grant was for 15,000 shares, but 3 for 2 stock split in 2003 resulted in additional 7,500 shares, for total of 22,500. Previously reported exercise of 12,552 in July 2003, resulted in holdings of 9,948 shares.
[F4]Exercisable in 1/3 annual increments on 10/24/2004, 10/24/2005 and 10/24/2006, all fully vested as of the date of this report.
[F5]Exercisable in 1/3 annual increments on 5/11/2005, 5/11/2006 and 5/11/2007, all fully vested as of the date of this report.
[F6]Exercisable in 1/3 annual increments on 11/28/2007, 11/28/2008 and 11/28/2009.

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