X0303 4 2010-09-28 0 0000885590 Valeant Pharmaceuticals International, Inc. VRX 0001476860 Wells William McDowall C/O 7150 MISSISSAUGA ROAD MISSISSAUGA A6 L5N 8M5 ONTARIO, CANADA 1 0 0 0 Deferred Share Units 2010-09-28 4 A 0 110 0 A Common Shares, no par value 110 29805 D Deferred Share Units 2010-10-01 4 A 0 3398 0 A Common Shares, no par value 3398 33203 D Each Deferred Share Unit ("DSU") entitles its holder, upon ceasing to be a director, to receive an amount of cash having the same value as one common share, no par value, of Valeant Pharmaceuticals International, Inc. at such time. Pro-rata portion of quarterly installment of annual DSU grant, as per the reporting person's Chairman Agreement dated as of June 20, 2010, which was inadvertently not reported at the time it was awarded. Quarterly installment of annual DSU grant, as per the reporting person's Chairman Agreement dated as of June 20, 2010, which was also inadvertently not reported at the time. By: Angie Palmer for: William Wells 2010-12-07