X0202 3 2007-06-20 0 0000882104 PDL BIOPHARMA, INC. PDLI 0001230721 CROSS HERB C/O PDL BIOPHARMA, INC. 34801 CAMPUS DRIVE FREMONT CA 94555 0 1 0 0 Corp Controller/Prin Actg Ofcr Stock Option (Right to Buy) 21.02 2013-11-13 Common Stock 30000 D This option will vest with respect to 7,500 shares on November 13, 2007 and with respect to 625 of the shares monthly thereafter. /s/ Herb Cross 2007-06-22