X0202 4 2006-04-28 0 0000064978 MERCK & CO INC (MRK) 0001014078 COLE JOHNNETTA B BENNETT COLLEGE FOR WOMEN 900 EAST WASHINGTON STREET GREENSBORO NC 27401-3239 1 0 0 0 Common Stock 460 D Director Stock Option 2006/04/28 (right to buy) 34.44 2006-04-28 4 A 0 5000 0.00 A 2007-04-28 2016-04-27 Common Stock 5000 5000 D Phantom Stock 2006-04-28 4 A 0 435.7931 34.42 A Common Stock 435.7931 9868.6911 D The option vests in three equal annual installments beginning on April 28, 2007. 1-for-1 Phantom stock units are to be settled 100% in cash upon reporting person's termination of service in accordance with a distribution schedule elected pursuant to the terms of the Plan for Deferred Payment of Directors' Compensation. Holdings include shares acquired in dividend reinvestment transactions. Debra A. Bollwage as Attorney-in-Fact for Johnnetta B. Cole 2006-05-02