SAVIENT PHARMACEUTICALS INC 4
4 · SAVIENT PHARMACEUTICALS INC · Filed Oct 4, 2005
Insider Transaction Report
Form 4
TENDLER DAVID
Director
Transactions
- Award
Option to Purchase Common Stock , $.01 par value
2005-09-30+5,000→ 5,000 totalExercise: $3.77From: 2006-09-30Exp: 2015-09-30→ Common Stock, $.01 par value per share (5,000 underlying) - Award
Common Stock, $.01 par value per share
2005-09-30$3.77/sh+994$3,747→ 22,838 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 September 30, 2005, the fair market value of the Common Stock, based on the closing price, was $3.77.
- [F2]These options will become fully vested and immediately exercisable on 09/30/2006.