X0201 4 2003-09-15 0 0000765258 IMCLONE SYSTEMS INC/DE IMCL 0001263942 FISCHER JOSEPH L 1 0 0 0 Employee Stock Option (Right to Buy) 46.19 2003-09-15 4 A 0 50000 46.19 A 1988-08-08 2013-09-14 Common Stock 50000 50000 D Employee Stock Option (Right to Buy) 46.19 2003-09-15 4 A 0 10761 46.19 A 1988-08-08 2013-09-14 Common Stock 10761 10761 D These stock options become exercisable as to 25% of the shares on each of September 15, 2004, September 15, 2005, September 15, 2006 and September 15, 2007. These stock options become exercisable as to 3,261 shares on October 24, 2003 and 7,500 shares on January 24, 2004. /s/ Joseph L. Fischer 2003-09-17