FASS SIMCHA 4
4 · SAVIENT PHARMACEUTICALS INC · Filed Jan 4, 2005
Insider Transaction Report
Form 4
FASS SIMCHA
Director
Transactions
- Award
Options to purchase Common Stock, $.01 par value per share
2004-12-31$2.71/sh+5,000$13,550→ 1,319,447 totalExercise: $2.71From: 2005-12-31Exp: 2014-12-31→ Common Stock, $.01 par value per share (5,000 underlying) - Award
Common stock, $.01 par value per share
2004-12-31$2.71/sh+1,383$3,748→ 226,902 total
Footnotes (2)
- [F1]These shares were granted pursuant to the Company's 2004 Incentive Plan, which provides for the grant to non-employee directors of that number of shares of Common Stock having an aggregate fair market value on the last business day of each quarter equal to $3,750.00, until he is no longer an Outside Director. On December 31, 2004, the fair market value of the Common Stock, based on the closing price, was $2.71.
- [F2]These options will become fully vested and immediately exercisable on 12/31/2005.