4 1 sawyer4.txt ------------------------ FORM 4 ------------------------
UNITED STATES SECURITIES AND EXCHANGE COMMISSION ----------------------------- WASHINGTON, D.C. 20549 OMB APPROVAL ----------------------------- [ ]Check this box if STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287 no longer subject Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Expires: January 31, 2005 to Section 16. Section 17(a) of the Public Utility Holding Company Act of 1935 or Estimated average Form 4 or Form 5 Section 30(h) of the Investment Company Act of 1940 burden hours per obligations may response: 0.5 continue. ----------------------------- SEE Instruction 1(b) (Print or Type Response) ----------------------------------------------------------------------------------------------------------------------------------- 1. Name and Address of Reporting 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person* Person(s) to Issuer SAWYER, KENNETH I. PHARMACEUTICAL RESOURCES, INC. (PRX) (Check all applicable) ------------------------------------------------------------------------------------ x Director 10% Owner (Last) (First) (Middle) 3. IRS or Social 4. Statement for ___ ___ Security Number Month/Year x Officer (give Other specify of Reporting ___ (title below) ____ (below Person April 30, 2003 below) (Voluntary) 300 Tice Boulevard Chairman, President & Chief Executive Officer ----------------------------------------------------------------------------------------------------------------------------------- (Street) 5. If Amendment, 7. Individual or Joint/Group Date of Original Filing (Check Applicable Line) (Month/Year) x Form filed by One Reporting Person ___ Form filed by More than One Reporting WOODCLIFF LAKE, NJ 07677 ___ Person ----------------------------------------------------------------------------------------------------------------------------------- (City) (State) (Zip) TABLE 1 - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED -----------------------------------------------------------------------------------------------------------------------------------
1.Title of Security 2.Transaction 2A. Deemed 3.Transaction 4.Securities Acquired(A) or 5.Amount of 6.Owner- 7.Nature of (Instr. 3) Date Execution Day Code Disposed of (D) Securities ship Indirect (mm/dd/yy) if any (Instr. 8) (Instr. 3, 4 and 5) Beneficially Form: Beneficial (mm/dd/yy) Owned Follow- Direct Ownership -------------------------------------------- ing Reported (D) or (A) Transaction Indirect or (I) Code V Amount (D) Price (Instr 3 & 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 M 20,000 A $7.625 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 M 91,666 A $30.55 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 1,000 S $43.86 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 1,000 D $43.87 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 6,000 D $43.88 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 6,000 D $43.89 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 12,500 D $43.90 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 4,000 D $43.91 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 5,500 D $43.92 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 6,500 D $43.93 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 2,500 D $43.94 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 19,000 D $43.95 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 4,000 D $43.96 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 4,000 D $43.97 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 3,500 D $43.98 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 14,000 D $44.00 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 1,000 D $44.01 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 7,500 D $44.06 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 500 D $44.07 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 1,000 D $44.10 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 1,000 D $44.13 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 4,000 D $44.15 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 1,900 D $44.16 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 1,200 D $44.17 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 1,500 D $44.18 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 500 D $44.19 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 1,000 D $44.22 D ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK 4/30/03 S 1,066 D $44.24 27,500 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ (Over) SEC 1474 (3-99)
FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (E.G., puts, calls, warrants, options, convertible securities) ==================================================================================================================================== 1. Title of 2. 3. 3A. 4. 5. Number of 6. Date 7. Title and Amount 8. Price 9. Number 10. 11. Derivative Conver- Trans- Deemed Trans- Derivative Exercisable and of Underlying of Deriv- of Owner- Nature Security sion or action Execu- action Securities Expiration Date Securities ative Deriv- ship of In- (Instr. 3) Exer- Date tion Code Acquired (A) (Month/Day/Year) (Instr. 3 and 4) Security ative Form direct cise (Month/ Date, (Instr. or Disposed (Instr. Secur- of Bene- Price Day/ if any 8) of(D) 5) ities Deriv- ficial of Year) (Month/ (Instr. 3, Bene- ative Owner- Deriv- Day/ 4 and 5) ficially Secur- ship ative Year) Owned ity: (Instr. Secur- at End Direct 4) ity ---------------- of (D) or Amount Month In- ---------------- or (Instr. direct Date Expira- Number 4) (I) ------ ------------ Exer- tion of (Instr. Code V (A) (D) cisable Date Title Shares 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock $31.70 (1) 1/13/10 Common 50,000 50,000 D Option to Buy Stock ------------------------------------------------------------------------------------------------------------------------------------ Common Stock $30.55 4/30/03 M 91,666 (2) 9/20/11 Common 275,000 183,334 D Option to Buy Stock ------------------------------------------------------------------------------------------------------------------------------------ Common Stock $7.625 4/30/03 M 20,000 (3) 1/11/11 Common 50,000 30,000 D Option to Buy Stock ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: (1) 25% vest on the first anniversary of the date of grant (1/14/04) and an additional 25% on each anniversary thereafter (2) 1/3 vest on the first anniversary of the date of grant (9/12/02) and an additional 1/3 on each anniversary thereafter (3) 20% vest on the first anniversary of the date of grant (1/12/02) and an additional 20% on each anniversary thereafter /S/ MARIAN E. GUSTAFSON MAY 1, 2003 ------------------------------------------- ----------------------- **Signature of Reporting Person Date BY: MARIAN E. GUSTAFSON FOR: KENNETH I. SAWYER Reminder: Report on a separate line for each class of securities benefically 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 provided is insufficient, SEE Instruction 6 for procedure. o Potential persons who are to respond to the collection of information contained in this for are not required to respond unless the form displays a currently valid OMB Number. Page 3 of 3