X0303 4 2009-01-23 0 0001441848 FACET BIOTECH CORP FACT 0001230721 CROSS HERB 1400 SEAPORT BLVD REDWOOD CITY CA 94063 0 1 0 0 Corp Controller/Prin Acctg Off Common Stock 2009-01-23 4 A 0 551 0 A 1007 D Common Stock 2009-01-23 4 A 0 3860 0 A 4867 D Common Stock 2009-01-23 4 A 0 1653 0 A 6520 D Common Stock 2009-01-23 4 A 0 9000 0 A 15520 D Common Stock 2009-01-23 4 F 0 237 6.17 D 15283 D Non-Qualified Stock Option (right to buy) 6.17 2009-01-23 4 A 0 14000 0 A 2016-01-23 Common Stock 14000 14000 D These restricted shares were subject to a risk of forfeiture that lapsed with respect to all the shares on January 23, 2009. These restricted shares are subject to a risk of forfeiture that lapses with respect to all the shares on September 14, 2009. These restricted shares are subject to a risk of forfeiture that lapses with respect to 1/3rd of the shares on December 19, 2009 and 1/3rd of the shares annually each year thereafter. These restricted shares are subject to a risk of forfeiture that lapses with respect to 1/3rd of the shares annually from the date of grant. Represents the number of shares on January 23, 2009 withheld by the issuer and canceled to satisfy tax withholding obligations that arose in connection with the vesting of restricted shares of common stock. This option will vest with respect to 1/48th of the shares monthly after the date of grant. /s/ Herb Cross 2009-01-27