SAVIENT PHARMACEUTICALS INC 4
4 · SAVIENT PHARMACEUTICALS INC · Filed Jul 5, 2006
Insider Transaction Report
Form 4
TENDLER DAVID
Director
Transactions
- Award
Common Stock, $.01 par value per share
2006-06-30$5.25/sh+714$3,749→ 25,257 total - Award
Option to Purchase Common Stock, $.01 par value
2006-06-30$5.25/sh+5,000$26,250→ 5,000 totalExercise: $5.25From: 2007-06-30Exp: 2016-06-30→ Common Stock, $.01 par value per share (153,150,000 underlying)
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 June 30, 2006, the fair market value of the Common Stock, based on the closing price, was $5.25.
- [F2]These options will become fully vested and immediately exercisable on 6/30/2007.