X0202 4 2006-01-24 0001106773 FIRST HORIZON PHARMACEUTICAL CORP FHRX 0001314242 Mavrogordato Michael C/O FIRST HORIZON PHARMACEUTICAL CORPORATION, 6195 SHILOH ROAD ALPHARETTA GA 30005 0 1 0 0 Vice President of Business Dev Common Stock 2006-01-24 4 A 0 15000 0 A 57000 D Shares acquired pursuant to grant of restricted stock will vest: (a) as to 50% of the shares in equal installments on January 24 of each of 2007, 2008, 2009 and 2010; and (b) as to 50% of the shares over three years if certain Issuer performance goals are met, otherwise all such shares will vest on January 24, 2011. /s/ Michael Milligan for Michael Mavrogordato 2006-01-26