X0201 4 2002-11-12 0 0000761237 PHOTOGEN TECHNOLOGIES INC PHGNE 0001049637 WILLIAMS TAFFY J C/O INKLINE PHARMACEUTICAL CO INC 425 PARK AVE NEW YORK NY 10022 1 1 0 0 CEO, President and Chairman Common Stock 4250 D Options (right to buy) 60.00 2003-11-12 2010-04-30 Common Stock 750000 750000 D Options (right to buy) 11.00 2003-11-12 2010-11-30 Common Stock 300000 1050000 D Options (right to buy) 1.08 2002-11-12 4 A 0 1233450 0 A 2003-11-12 2012-10-31 Common Stock 1233450 2283450 D The shares set forth herein are after a one for four reverse split of the Issuer's common stock that occurred in November, 2002. The Compensation Committee and the Issuer's Board approved grants of qualified options to the Reporting Person on terms described in Table II. The options vest in accordance with and are in other respects subject to stock option award agreements. /s/ Taffy J. Williams 2003-09-11