X0303 4 2011-01-03 0 0000878088 PAR PHARMACEUTICAL COMPANIES, INC. PRX 0001230617 SMITH JOSEPH E C/O PAR PHARMACEUTICAL COMPANIES, INC. 300 TICE BLVD WOODCLIFF LAKE NJ 07677 1 0 0 0 Deferred Unit Award/Stock Units 2011-01-03 4 A 0 645 38.78 A Common Stock 645 24319 D Reporting Person defers his board and committee compensation earned in cash on a quarterly basis into stock units. Each stock unit is the economic equivalent of one share of common stock, which stock is distributed only upon termination of the Reporting Person's services as a director of the Issuer. /s/ Marian E. Gustafson for Joseph E. Smith 2011-01-05