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^*

HERRING TERRELL G

(Last)

(First)

(Middle)

200 COTTONTAIL LANE

VANTAGE COURT NORTH

(Street)

SOMERSET

08873

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INVENTIV HEALTH INC [ VTIV ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Pres.& CEO inVentiv Commercial

3. Date of Earliest Transaction (Month/Day/Year)
01/03/2007

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	01/03/2007		M⁽¹⁾		10,000	A	$1.66	42,560	D
Common Stock	01/03/2007		S⁽¹⁾		10,000	D	$35.0846	32,560	D
Common Stock	01/03/2007		M⁽¹⁾		2,500	A	$8.45	35,060	D
Common Stock	01/03/2007		S⁽¹⁾		2,500	D	$35.0846	32,560	D
Common Stock	01/03/2007		M⁽¹⁾		18,750	A	$15.96	51,310	D
Common Stock	01/03/2007		S⁽¹⁾		18,750	D	$35.0846	32,560	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)
Stock Option (right to buy)	$1.66	01/03/2007		M⁽¹⁾			10,000	12/11/2006⁽²⁾	12/11/2012	Common Stock	10,000	$0	166,250⁽⁵⁾	D
Stock Option (right to buy)	$8.45	01/03/2007		M⁽¹⁾			2,500	12/10/2006⁽³⁾	12/10/2013	Common Stock	2,500	$0	163,750⁽⁵⁾	D
Stock Option (right to buy)	$15.96	01/03/2007		M⁽¹⁾			18,750	09/23/2006⁽⁴⁾	09/23/2014	Common Stock	18,750	$0	145,000⁽⁵⁾	D

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b-5-1 trading plan adopted by the reporting person. The transaction was previously reported as a planned sale on a Form 144 filed by (or on behalf of) the reporting person.

2. The reported exercise relates to an option for the purchase of 80,000 shares of common stock (currently 100% vested) granted to the reporting person on December 11, 2002. The total number of options held by the reporting person within the reported class following the reported transactions is 10,000.

3. The reported exercise relates to an option for the purchase of 20,000 shares of common stock (currently 75% vested) granted to the reporting person on December 10, 2003. The total number of options held by the reporting person within the reported class following the reported transactions is 7,500.

4. The reported exercise relates to an option for the purchase of 150,000 shares of common stock (currently 50% vested) granted to the reporting person on September 23, 2004. The total number of options held by the reporting person within the reported class following the reported transactions is 93,750.

5. The derivative securities beneficial ownership reported in column 9 includes all options held by the reporting person following the reported transactions irrespective of class.

	Terrell G. Herring	01/05/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially 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 is insufficient, see Instruction 6 for procedure.
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