WEISSBACH HERBERT 4
4 · SAVIENT PHARMACEUTICALS INC · Filed Oct 2, 2003
Insider Transaction Report
Form 4
WEISSBACH HERBERT
Director
Transactions
- Award
Options to purchase common stock, $.01 par value per share
2003-09-30$5.05/sh+5,000$25,250→ 80,000 totalExercise: $5.05From: 2004-09-30Exp: 2013-09-30→ Common stock, $01 par value per share (5,000 underlying) - Disposition to Issuer
Common stock, $.01 par value per share
2003-09-30$5.05/sh−495$2,500→ 9,658 total
Footnotes (2)
- [F1]These shares were granted pursuant to the Company's Stock Compensation Plan for Outside Directors, 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 $2,500, until he is no longer an Outside Director. On September 30, 2003, the fair market value of the Common Stock, based on the closing price, was $5.05.
- [F2]These options will become fully vested and immediately exercisable on 9/30/2004.