X0202 4 2006-06-22 0 0001094561 QUOVADX INC qvdx 0001206576 COWHERD J ANDREW 7600 E. ORCHARD RD. SUITE 300S GREENWOOD VILLAGE CO 80111 1 0 0 0 Common Stock 2006-06-22 4 A 0 15000 0 A 56500 D Stock Option (Right to Buy) 2.59 2006-06-22 4 A 0 10000 0 A 2016-06-22 Common Stock 10000 45000 D Stock Option (Right to Buy) 2.59 2006-06-22 4 A 0 5000 0 A 2013-06-22 Common Stock 5000 50000 D Annual award to reporting person, on account of his service as a director, of 21,000 shares of restricted Quovadx common stock under the Company's 2006 Equity Incentive Plan (the "2006 Plan") with such shares vesting at the rate of 25% on each of September 22, 2006, December 22, 2006, March 22, 2007, and the earlier of June 22, 2007 or the date of the 2007 annual stockholder meeting, subject to the recipient's continued service as a director through each vesting date. The exercise price is the closing price of Quovadx common stock on the Nasdaq national market on the date of grant. Annual grant to reporting person of option to purchase 10,000 shares of restricted Quovadx common stock under the Company's 1999 Amended and Restated 1999 Director Option Plan. The shares underlying the options listed in column 5 shall vest 100% on the earlier of the one-year anniversary of the date of grant or the date of the 2007 stockholders meeting. Annual grant to reporting person, on account of his service as a director, of options to purchase 5,000 shares of Quovadx common stock under the 2006 Plan. Linda K. Wackwitz as Attorney-In-Fact for J. Andrew Cowherd 2006-06-23