X0202 4 2004-12-07 0000790705 TEKELEC TKLC 0001236902 RAGER JON F C/O TEKELEC 26580 W. AGOURA RD. CALABASAS CA 91302 1 0 0 0 Common Stock 2004-12-07 4 M 0 29401 10.875 A 34401 D Common Stock 2004-12-07 4 M 0 10000 9.89 A 44401 D Common Stock 2004-12-07 4 M 0 10000 11.11 A 54401 D Common Stock 2004-12-07 4 M 0 5000 15.89 A 59401 D Common Stock 2004-12-07 4 S 0 12851 23.65 D 46550 D Common stock 2004-12-07 4 S 0 500 23.66 D 46050 D Common Stock 2004-12-07 4 S 0 2600 23.73 D 43450 D Common Stock 2004-12-07 4 S 0 2300 23.74 D 41150 D Common Stock 2004-12-07 4 S 0 4900 23.75 D 36250 D Common Stock 2004-12-07 4 S 0 100 23.76 D 36150 D Common Stock 2004-12-07 4 S 0 200 23.86 D 35950 D Common Stock 2004-12-07 4 S 0 400 23.87 D 35550 D Common Stock 2004-12-07 4 S 0 100 23.88 D 35450 D Common Stock 2004-12-07 4 S 0 4900 23.89 D 30550 D Common Stock 2004-12-07 4 S 0 9600 23.91 D 20950 D Common Stock 2004-12-07 4 G 0 15950 0 D 5000 D Common Stock 2004-12-07 4 G 0 15950 0 A 40000 I By Jon F. Rager and Nan M. Rager as Trustees of the Rager Family Trust dated June 7, 1979 Stock Option (right to buy) 10.875 2004-12-07 4 M 0 29401 0 D 2009-05-14 Common stock 29401 0 D Stock Option (right to buy) 9.89 2004-12-07 4 M 0 10000 0 D 2009-05-10 Common Stock 10000 0 D Stock Option (right to buy) 11.11 2004-12-07 4 M 0 10000 0 D 2010-05-08 Common Stock 10000 0 D Stock Option (right to buy) 15.89 2004-12-07 4 M 0 5000 0 D 2011-03-31 Common Stock 5000 5000 D Option to purchase 10,000 shares vests and becomes exercisable in four equal quarterly installments commencing 06/30/04. Option is exercisable as to each installment of vested shares for a period of four years following the vesting date. Option to purchase 50,401 shares vests and becomes exercisable in 11 equal quarterly installments of 4,200 shares commencing 6/30/99, and as to 4,201 shares on 3/31/02. Option to purchase 10,000 shares vests and becomes exercisable in four equal quarterly installments commencing 6/30/02. Option to purchase 10,000 shares vests and becomes exercisable in four equal quarterly installments commencing 6/30/03. Jon F. Rager 2004-12-08