X0202 4 2007-08-20 0 0000095052 ELIZABETH ARDEN INC RDEN 0001362261 Heise Hoy C/O ELIZABETH ARDEN, INC. 2400 SW 145 AVENUE, 2ND FLOOR MIRAMAR FL 33027 0 1 0 0 EVP, CIO & Operations Planning Common Stock, $.01 par value 2007-08-20 4 S 0 367 23.59 D 28486 D Common Stock, $.01 par value 2007-08-20 4 A 0 3400 0 A 31886 D Common Stock, $.01 par value 2007-08-20 4 A 0 3400 0 A 35286 D Common Stock, $.01 par value 2007-08-20 4 D 0 1366 0 D 33920 D Stock Option (Right to Buy) 23.59 2007-08-20 4 A 0 17600 0 A 2017-08-20 Common Stock 17600 17600 D Shares sold to cover tax obligations related to the vesting of service-based restricted stock on August 20, 2007. This grant of performance-based restricted stock will vest in full on the second business day following the public announcement of the Issuer's fiscal year 2010 financial results, but only if the Reporting Person is still employed with the Issuer at the time of vesting and the Issuer achieves certain earnings targets over the fiscal years that comprise the vesting measurement period. This grant of service-based restricted stock will vest in equal thirds over a three-year period on the dates that are two business days following the public announcement of the Issuer's financial results for the fiscal years ending June 30, 2008, 2009 and 2010 (each a "Vesting Date"), but only if the Reporting Person is still employed with the Issuer on the applicable Vesting Date. Forfeiture of 1/3 of the performance-based restricted stock granted on August 10, 2005 as a result of the Issuer not achieving a 10% cumulative annualized increase in earnings per diluted share during the measurement period July 1, 2005 through June 30, 2007. Includes 100 shares held with spouse as joint tenants with right of survivorship. This stock option shall become exercisable in equal thirds over a three-year period on the Vesting Dates, but only if the Reporting Person is still employed with the Issuer on the applicable Vesting Date. L. Hoy Heise 2007-08-22