SEC FORM 4

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

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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^*

HAUGHEY THOMAS

(Last)

(First)

(Middle)

300 TICE BOULDVARD

C/O PAR PHARMACEUTICAL

(Street)

WOODCLIFF LAKE

07677

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PAR PHARMACEUTICAL COMPANIES, INC. [ PRX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, CAO, General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2011

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/09/2011		M		68,591	A	$10.99	185,648	D
Common Stock	05/09/2011		S		1,600	D	$35.08	184,048	D
Common Stock	05/09/2011		S		600	D	$35.1	183,448	D
Common Stock	05/09/2011		S		300	D	$35.11	183,148	D
Common Stock	05/09/2011		S		1,500	D	$35.12	181,648	D
Common Stock	05/09/2011		S		200	D	$35.13	181,448	D
Common Stock	05/09/2011		S		2,187	D	$35.15	179,261	D
Common Stock	05/09/2011		S		200	D	$35.18	179,061	D
Common Stock	05/09/2011		S		5,700	D	$35.19	173,361	D
Common Stock	05/09/2011		S		46,961	D	$35.2	126,400	D
Common Stock	05/09/2011		S		3,048	D	$35.22	123,352	D
Common Stock	05/09/2011		S		200	D	$35.225	123,152	D
Common Stock	05/09/2011		S		3,155	D	$35.23	119,997	D
Common Stock	05/09/2011		S		2,587	D	$35.24	117,410	D
Common Stock	05/09/2011		S		353	D	$35.25	117,057	D
Common Stock	05/09/2011		S		26,313	D	$34.45	90,744	D
Common Stock	05/09/2011		S		1,900	D	$34.455	88,844	D
Common Stock	05/09/2011		S		4,089	D	$34.46	84,755	D
Common Stock	05/09/2011		S		200	D	$34.465	84,555	D
Common Stock	05/09/2011		S		100	A	$34.47	84,455	D
Common Stock	05/09/2011		S		400	D	$34.48	84,055	D
Common Stock	05/09/2011		S		2,600	D	$34.49	81,455	D
Common Stock	05/09/2011		S		700	D	$34.5	80,755	D
Common Stock	05/09/2011		S		100	D	$34.52	80,655	D
Common Stock	05/09/2011		S		1,300	D	$34.55	79,355	D
Common Stock	05/09/2011		S		300	D	$34.56	79,055⁽¹⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, Option to Buy	$10.99	05/09/2011		M			68,591	⁽²⁾	11/17/2018	Common Stock	68,591	$0	34,290	D

Explanation of Responses:

1. Includes (i) 42,483 shares of Common Stock, and (ii) 36,572 shares of Restricted Stock, held by Mr. Haughey.

2. Mr. Haughey was granted an option to purchase shares of Common Stock under the Company's 2004 Performance Equity Plan. Two-thirds (68,591 shares) vested on 11/18/2010; the remainder will vest on 11/18/2011.

Remarks:

LIMITED POWER OF ATTORNEY: KNOW ALL MEN BY THESE PRESENTS, that the undersigned does hereby constitute and appoint MARIAN E. GUSTAFSON with full power to act, as his/her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him/her and in his/her name, place and stead, in any and all capacities, and to do any and all acts and things in his/her name and on his/her behalf, to execute any and all documents and instruments, which said attorney-in-fact may deem necessary or advisable to enable him/her to comply with the reporting requirements pursuant to Section 16 of the Securities Exchange Act of 1934, as amended, including but not limited to Form 4-Statement of Changes in Beneficial Ownership and Form 5-Annual Statement of Changes in Beneficial Ownership, relating to his/her ownership in Par Pharmaceutical Companies, Inc. (the "Company") for the period October 1, 2010 through and including September 30, 2011; and to file the same, and all other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that the said attorney-in-fact and agent may lawfully do or cause to be done by virtue thereof. /s/ Thomas J. Haughey Dated: September 30, 2010

	/s/ Marian E. Gustafson for Thomas J. Haughey	05/09/2011
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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