X0201 42004-01-02 0000815838 NOVEN PHARMACEUTICALS INC NOVN 0001224100 STRAUSS ROBERT C C/O NOVEN PHARMACEUTICALS, INC. 11960 S.W. 144TH STREET MIAMI FL 33186 1100President, CEO & ChairmanCommon Stock ($.0001 Par Value)2004-01-024M0663746.18A127258DCommon Stock ($.0001 Par Value)2004-01-024S0937015.277D117888DCommon Stock ($.0001 Par Value)2004-01-024S0200415.19D115884DCommon Stock ($.0001 Par Value)2004-01-024S0500015.15D110884DCommon Stock ($.0001 Par Value)2004-01-024S05000015.05D60884DCommon Stock ($.0001 Par Value)2004-01-054M0135006.18A74384DStock Option (Right to Buy)6.182004-01-024M0663740D2004-12-11Common Stock66374288625DStock Option (Right to Buy)6.182004-01-054M0135000D2004-12-11Common Stock13500275125DThis transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 19, 2003.10% exercisable after 12/12/1998; 20% exercisable after 12/12/1999; 20% exercisable after 12/12/2000; 25% exercisable after 12/12/2001; 25% exercisable after 12/12/2002.Robert C. Strauss2004-01-05