X0303 4 2010-05-14 0 0000882104 PDL BIOPHARMA, INC. PDLI 0001270013 LARSON CHRISTINE R C/O PDL BIOPHARMA, INC. 932 SOUTHWOOD BOULEVARD INCLINE VILLAGE NV 89451 0 1 0 0 Vice President and CFO Common Stock 2010-05-14 4 P 0 800 5.705 A 39549 D Common Stock 2010-05-14 4 P 0 300 5.7093 A 39849 D Common Stock 2010-05-14 4 P 0 3900 5.7095 A 43749 D /s/ Christopher Stone by Christopher Stone, Attorney-in-Fact for Christine R. Larson 2010-05-17