WEISSBACH HERBERT 4/A
4/A · SAVIENT PHARMACEUTICALS INC · Filed Jan 14, 2004
Insider Transaction Report
Form 4/AAmended
WEISSBACH HERBERT
Director
Transactions
- Award
Common stock, $.01 par value per share
2003-09-30$5.05/sh+495$2,500→ 9,658 total - 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)
Footnotes (3)
- [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.
- [F3]This stock grant was originally reported in Table 1 Columns 3 and 4 with the incorrect transaction codes. The stock grant was originally reported in Column 3 as "D" instead of "A" and in Column 4 as "D" for securities disposed of instead of "A" for securities acquired.