X0202 4 2006-12-29 1 0001004960 CONNETICS CORP CNCT 0001224892 GILBERT DENISE 3160 PORTER DRIVE PALO ALTO CA 94304 1 0 0 0 Common Stock, Par Value $0.001 2006-12-29 4 D 0 1111 17.50 D 0 D Common Stock, Par Value $0.001 2006-12-29 4 D 0 7500 17.50 D 0 D In connection with the merger agreement between issuer and Stiefel Laboratories, shares of the Issuer's common stock were converted into the right to receive $17.50 per share in cash, without interest. Immediately prior to the effective time of the merger between issuer and Stiefel Laboratories, Inc., all restrictions on these shares of restricted stock were released, and the shares became fully vested and eligible for the merger consideration in an amount equal to $17.50 multiplied by the number of shares of common stock subject to the restrictions, less any required witholding. Katrina J. Church, Attorney-in-Fact for Denise M. Gilbert 2007-01-03