X0202 4 2008-05-13 1 0000050710 JAVELIN PHARMACEUTICALS, INC JAV 0001048462 WEXFORD CAPITAL LLC 411 WEST PUTNAM AVENUE SUITE 125 GREENWICH CT 06830 0 0 0 1 10% owner prior to this filing 0001001391 DAVIDSON CHARLES E C/O WEXFORD CAPITAL LLC 411 WEST PUTNAM AVE. GREENWICH CT 06830 0 0 1 0 0001048485 JACOBS JOSEPH C/O WEXFORD CAPITAL LLC 411 WEST PUTNAM AVENUE GREENWICH CT 06830 1 0 0 0 Common Stock, par value $0.001 2008-05-13 4 P 0 476845 2.41 A 3045043 I By: Wexford Spectrum Investors LLC Common Stock, par value $0.001 2008-05-13 4 P 0 415271 2.41 A 2637493 I By: Theta Investors LLC These securities are owned solely by Wexford Spectrum Investors LLC (?WSI?). Wexford Capital LLC (?Wexford?), as manager of WSI, may be deemed to beneficially own the securities. Charles E. Davidson (?Davidson?) and Joseph M. Jacobs (?Jacobs?) are the managing members of Wexford. Davidson and Jacobs may also be deemed to beneficially own the securities. Wexford, Davidson and Jacobs each disclaims beneficial ownership of the securities reported hereby and this report shall not be deemed as an admission that they are the beneficial owners of such securities except in the case of Davidson and Jacobs to the extent of their interests in WSI. These securities are owned solely by Theta Investors LLC (?Theta?). Wexford Capital LLC (?Wexford?), as manager of Theta, may be deemed to beneficially own the securities. Charles E. Davidson (?Davidson?) and Joseph M. Jacobs (?Jacobs?) are the managing members of Wexford. Davidson and Jacobs may also be deemed to beneficially own the securities. Wexford, Davidson and Jacobs each disclaims beneficial ownership of the securities reported hereby and this report shall not be deemed as an admission that they are the beneficial owners of such securities except in the case of Davidson and Jacobs to the extent of their interests in Theta. Arthur Armon, on behalf of Wexford Capital LLC 2008-05-15 Charles E. Davidson 2008-05-15 Joseph M. Jacobs 2008-05-15