SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MOLLICA JOSEPH A

(Last) (First) (Middle)
PHARMACOPEIA DRUG DISCOVERY, INC.
P.O. BOX 5350

(Street)
PRINCETON NJ 08543-5350

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PHARMACOPEIA INC [ PCOP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/06/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/06/2007 M 5,000 A $2.8227 88,700.36 D
Common Stock 09/06/2007 S 5,000 D $5.73 83,700.36 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $2.8227 09/06/2007 M 5,000 02/05/2004 02/05/2013 Common Stock 5,000 $0 8,399 D
Incentive Stock Option (right to buy) $4.0364 05/28/2000 05/28/2009 Common Stock 4,235 4,235 D
Incentive Stock Option (right to buy) $5.0454 05/08/2003 05/08/2012 Common Stock 5,947 5,947 D
Incentive Stock Option (right to buy) $5.8523 07/30/1999 07/30/2008 Common Stock 5,666 5,666 D
Incentive Stock Option (right to buy) $8.3636 05/09/2002 05/09/2011 Common Stock 3,588 3,588 D
Incentive Stock Option (right to buy) $19.7727 07/11/2001 07/11/2010 Common Stock 2,261 2,261 D
Non-Qualified Stock Option (right to buy) $4.0364 05/28/2000 05/28/2009 Common Stock 32,064 32,064 D
Non-Qualified Stock Option (right to buy) $4.96 05/05/2006 05/05/2015 Common Stock 6,000 6,000 D
Non-Qualified Stock Option (right to buy) $5.0454 05/08/2003 05/08/2012 Common Stock 60,052 60,052 D
Non-Qualified Stock Option (right to buy) $5.11 04/30/2008 05/03/2017 Common Stock 7,572 7,572 D
Non-Qualified Stock Option (right to buy) $5.8523 07/30/1999 07/30/2008 Common Stock 27,333 27,333 D
Non-Qualified Stock Option (right to buy) $6.2 05/04/2007 05/04/2016 Common Stock 6,000 6,000 D
Non-Qualified Stock Option (right to buy) $8.15 05/03/2005 05/03/2014 Common Stock 12,000 12,000 D
Non-Qualified Stock Option (right to buy) $8.3636 05/09/2002 05/09/2011 Common Stock 95,411 95,411 D
Non-Qualified Stock Option (right to buy) $19.7727 07/11/2001 07/11/2010 Common Stock 34,038 34,038 D
Explanation of Responses:
By: Brian M. Posner For: Joseph A. Mollica 09/10/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.