X0202 4 2006-06-09 0 0001080014 THERAVANCE INC THRX 0001302447 Kitt Michael THERAVANCE, INC. 901 GATEWAY BOULEVARD SOUTH SAN FRANCISCO CA 94080 0 1 0 0 Sr. Vice President Development Common Stock 2006-06-09 4 S 0 100 24.12 D 26244 D Common Stock 2006-06-09 4 S 0 200 24.11 D 26044 D Common Stock 2006-06-09 4 S 0 100 24.11 D 25944 D Common Stock 2006-06-09 4 S 0 100 24.11 D 25844 D Common Stock 2006-06-09 4 S 0 100 24.11 D 25744 D Common Stock 2006-06-09 4 S 0 100 24.11 D 25644 D Common Stock 2006-06-09 4 S 0 100 24.11 D 25544 D Common Stock 2006-06-09 4 S 0 100 24.11 D 25444 D Common Stock 2006-06-09 4 S 0 100 24.11 D 25344 D Common Stock 2006-06-09 4 S 0 100 24.10 D 25244 D Common Stock 2006-06-09 4 S 0 2360 24.10 D 22884 D Common Stock 2006-06-09 4 S 0 100 24.05 D 22784 D Common Stock 2006-06-09 4 S 0 100 24.07 D 22684 D Common Stock 2006-06-09 4 S 0 100 24.02 D 22584 D Common Stock 2006-06-09 4 S 0 100 24.02 D 22484 D Common Stock 2006-06-09 4 S 0 100 24.02 D 22384 D Common Stock 2006-06-09 4 S 0 100 24.00 D 22284 D Common Stock 2006-06-09 4 S 0 100 24.07 D 22184 D Common Stock 2006-06-09 4 S 0 200 24.06 D 21984 D Common Stock 2006-06-09 4 S 0 100 24.06 D 21884 D Common Stock 2006-06-09 4 S 0 100 24.06 D 21784 D Common Stock 2006-06-09 4 S 0 100 24.04 D 21684 D Common Stock 2006-06-09 4 S 0 100 24.03 D 21584 D Common Stock 2006-06-09 4 S 0 300 24.05 D 21284 D Common Stock 2006-06-09 4 S 0 200 24.05 D 21084 D Common Stock 2006-06-09 4 S 0 300 24.03 D 20784 D Common Stock 2006-06-09 4 S 0 300 24.02 D 20484 D Common Stock 2006-06-09 4 S 0 100 24.01 D 20384 D Common Stock 2006-06-09 4 S 0 1030 24.00 D 19354 D This Form 4 is the second of three Forms 4 reflecting Michael Kitt's exercise of a stock option on June 9, 2006 and his sale of the shares issued upon exercise of that stock option on June 9, 2006. Michael M. Kitt 2006-06-13