X0303 4 2009-06-18 0 0001418919 CPEX Pharmaceuticals, Inc. CPEX 0001218893 MURPHY JAMES R BENTLEY PARK 2 HOLLAND WAY EXETER NH 03833 1 0 0 0 Restricted Stock Units 2009-06-18 4 A 0 7000 0 A Common Stock, $0.01 par value 7000 7000 D Each restricted stock unit represents a contingent right to receive one share of CPEX Pharmaceuticals, Inc. Common Stock, $0.01 par value. Restricted stock units were granted under the terms of the Company's Amended and Restated 2008 Equity Incentive Plan. The units vest in four equal installments on July 31, 2009, October 31 2009, January 31, 2010 and April 30, 2010. Vested shares will be issued to the reporting person on the date he ceases to serve as a Director of the Company. James R. Murphy 2009-06-19