X0303 4 2009-11-18 1 0000930184 VALEANT PHARMACEUTICALS INTERNATIONAL VRX 0001454852 HealthCor Offshore GP, LLC 152 WEST 57TH STREET 43RD FLOOR NEW YORK NY 10019 0 0 1 0 0001454849 HealthCor Hybrid Offshore GP, LLC 152 WEST 57TH STREET 43RD FLOOR NEW YORK NY 10019 0 0 1 0 0001454850 HealthCor Hybrid Offshore Master Fund, L.P. 152 WEST 57TH STREET 43RD FLOOR NEW YORK NY 10019 0 0 1 0 0001454853 HealthCor Offshore Master Fund, L.P. 152 WEST 57TH STREET 43RD FLOOR NEW YORK NY 10019 0 0 1 0 Common stock, par value $0.01 per share (the "Common Stock") 2009-11-18 4 S 0 3000000 32.25 D 7000000 I See Footnote On November 18, 2009, HealthCor, L.P., HealthCor Offshore Master Fund, L.P. and HealthCor Hybrid Offshore Master Fund, L.P. entered into a definitive binding agreement to sell an aggregate of 3,000,000 shares of Common Stock back to Valeant Pharmaceuticals, Inc. in an off-exchange, privately negotiated transaction. The closing under the agreement occurred on November 19, 2009. HealthCor Management, L.P. is the investment manager of HealthCor, L.P., HealthCor Offshore Master Fund, L.P. and HealthCor Hybrid Offshore Master Fund, L.P., which are the direct beneficial owners of the securities reported herein. The general partner of HealthCor, L.P. is HealthCor Capital, L.P. and the general partner of HealthCor Capital, L.P. is HealthCor Group, LLC. The general partner of HealthCor Offshore Master Fund, L.P. is HealthCor Offshore GP, LLC. The general partner of HealthCor Hybrid Offshore Master Fund, L.P. is HealthCor Hybrid Offshore GP, LLC. HealthCor Group, LLC is the general partner of HealthCor Offshore GP, LLC and HealthCor Hybrid Offshore GP, LLC. HealthCor Associates, LLC is the general partner of HealthCor Management, L.P. and Arthur Cohen and Joseph Healey are the managers of HealthCor Associates, LLC. (Continued from footnote 2) Each of the Reporting Persons disclaim beneficial ownership of any and all such securities in excess of its or their own actual pecuniary interest. Due to the number of reporting persons, this is one of two Form 4s filed relating to the same transaction. HEALTHCOR MANAGEMENT, L.P., By: HealthCor Associates, LLC, its general partner, By: /s/ John H. Coghlin, General Counsel 2009-11-20 HEALTHCOR CAPITAL L.P., for itself and as manager on behalf of HEALTHCOR L.P., By: HealthCor Group, LLC, its general partner, By: /s/ John H. Coghlin, General Counsel 2009-11-20 HEALTHCOR OFFSHORE GP, LLC, for itself and as general partner on behalf of HEALTHCOR OFFSHORE MASTER FUND, L.P., By: HealthCor Group, LLC, its general partner, By: /s/ John H. Coghlin, General Counsel 2009-11-20 HEALTHCOR HYBRID OFFSHORE GP, LLC, for itself and as general partner on behalf of HEALTHCOR HYBRID OFFSHORE MASTER FUND, L.P., By: HealthCor Group, LLC, its general partner, By: /s/ John H. Coghlin, General Counsel 2009-11-20 HEALTHCOR ASSOCIATES, LLC, By: /s/ John H. Coghlin, General Counsel 2009-11-20 HEALTHCOR GROUP, LLC, for itself and as general partner of (i) HEALTHCOR OFFSHORE GP, LLC, and (ii) HEALTHCOR HYBRID OFFSHORE GP, LLC, By: /s/ John H. Coghlin, General Counsel 2009-11-20 /s/ Joseph Healey, Individually 2009-11-20 /s/ Arthur Cohen, Individually 2009-11-20