X0202 4 2004-09-08 0000815838 NOVEN PHARMACEUTICALS INC NOVN 0001224098 MANTELLE JUAN A C/O NOVEN PHARMACEUTICALS, INC. 11960 S.W. 144TH STREET MIAMI FL 33186 0 1 0 0 VP & Chief Technical Officer Common Stock ($.0001 Par Value) 2004-09-08 4 M 0 1849 8.67 A 8549 D Common Stock ($.0001 Par Value) 2004-09-08 4 M 0 3500 4.19 A 12049 D Common Stock ($.0001 Par Value) 2004-09-08 4 M 0 11250 5.56 A 23299 D Common Stock ($.0001 Par Value) 2004-09-08 4 M 0 4595 10.00 A 27894 D Common Stock ($.0001 Par Value) 2004-09-08 4 F 0 6700 20.77 D 21194 D Stock Option (Right to Buy) 8.67 2004-09-08 4 M 0 1849 0 D 2005-01-20 Common Stock ($.0001 Par Value) 1849 652 D Stock Option (Right to Buy) 4.19 2004-09-08 4 M 0 3500 0 D 2005-12-13 Common Stock ($.0001 Par Value) 3500 1500 D Stock Option (Right to Buy) 5.56 2004-09-08 4 M 0 11250 0 D 2006-06-21 Common Stock ($.0001 Par Value) 11250 1250 D Stock Option (Right to Buy) 10.00 2004-09-08 4 M 0 4595 0 D 2006-11-07 Common Stock ($.0001 Par Value) 4595 5405 D 10% exercisable after 1/21/1999; 20% exercisable after 1/21/2000; 20% exercisable after 1/21/2001; 25% exercisable after 1/21/2002; 25% exercisable after 1/21/2003. The reporting person has transferred 2,499 of such options to his ex-wife pursuant to a domestic relations order. 10% exercisable after 12/14/1999; 20% exercisable after 12/14/2000; 20% exercisable after 12/14/2001; 25% exercisable after 12/14/2002; 25% exercisable after 12/14/2003. The reporting person has transferred 5,000 of such options to his ex-wife pursuant to a domestic relations order. 10% exercisable after 6/22/2000; 20% exercisable after 6/22/2001; 20% exercisable after 6/22/2002; 25% exercisable after 6/22/2003; 25% exercisable after 6/22/2004. The reporting person has transferred 12,500 of such options to his ex-wife pursuant to a domestic relations order. 10% exercisable after 11/08/2000; 20% exercisable after 11/08/2001; 20% exercisable after 11/08/2002; 25% exercisable after 11/08/2003; 25% exercisable after 11/08/2004. The reporting person has transferred 9,999 of such options to his ex-wife pursuant to a domestic relations order. The reporting person has also transferred options to purchase 19,999 shares of Noven's Common Stock that were granted on November 14, 2000 to his ex-wife pursuant to a domestic relations order. Juan A. Mantelle 2004-09-10