SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SARGEN GREGORY

(Last) (First) (Middle)
ONE MEADOWLANDS PLAZA

(Street)
EAST RUTHERFORD NJ 07073

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CAMBREX CORP [ CBM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President-Finance
3. Date of Earliest Transaction (Month/Day/Year)
11/15/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/15/2006 M 75,000 A $18.675 76,000 D
Common Stock 11/15/2006 M 7,000 A $20.72 83,000 D
Common Stock 11/15/2006 M 5,000 A $21.9025 88,000 D
Common Stock 11/15/2006 S 500 D $22.5 87,500 D
Common Stock 11/15/2006 S 100 D $22.55 87,400 D
Common Stock 11/15/2006 S 900 D $22.56 86,500 D
Common Stock 11/15/2006 S 1,600 D $22.57 84,900 D
Common Stock 11/15/2006 S 2,600 D $22.58 82,300 D
Common Stock 11/15/2006 S 2,100 D $22.59 80,200 D
Common Stock 11/15/2006 S 8,600 D $22.6 71,600 D
Common Stock 11/15/2006 S 600 D $22.61 71,000 D
Common Stock 11/15/2006 S 15,500 D $22.62 55,500 D
Common Stock 11/15/2006 S 700 D $22.63 54,800 D
Common Stock 11/15/2006 S 1,600 D $22.64 53,200 D
Common Stock 11/15/2006 S 2,000 D $22.65 51,200 D
Common Stock 11/15/2006 S 1,700 D $22.66 49,500 D
Common Stock 11/15/2006 S 3,100 D $22.67 46,400 D
Common Stock 11/15/2006 S 3,900 D $22.68 42,500 D
Common Stock 11/15/2006 S 7,100 D $22.69 35,400 D
Common Stock 11/15/2006 S 1,100 D $22.7 34,300 D
Common Stock 11/15/2006 S 400 D $22.71 33,900 D
Common Stock 11/15/2006 S 3,300 D $22.72 30,600 D
Common Stock 11/15/2006 S 1,000 D $22.73 29,600 D
Common Stock 11/15/2006 S 500 D $22.74 29,100 D
Common Stock 11/15/2006 S 800 D $22.76 28,300 D
Common Stock 11/15/2006 S 800 D $22.77 27,500 D
Common Stock 11/15/2006 S 300 D $22.78 27,200 D
Common Stock 11/15/2006 S 200 D $22.79 27,400 D
Common Stock 11/15/2006 S 400 D $22.8 27,000 D
Common Stock 11/15/2006 S 400 D $22.92 26,600(4) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $18.675 11/15/2006 M 75,000 04/24/2004(1) 04/24/2010 Common Stock 75,000 $0 0 D
Stock Option (Right to Buy) $20.72 11/15/2006 M 7,000 12/31/2005(2) 07/25/2012 Common Stock 7,000 $0 0 D
Stock Option (Right to Buy) $21.9025 08/23/2004 M 5,000 12/31/2004(3) 08/23/2011 Common Stock 5,000 $0 5,000 D
Stock Option (Right to Buy) $21.9025 11/15/2006 M 5,000 12/31/2004(3) 08/23/2011 Common Stock 5,000 $0 0 D
Explanation of Responses:
1. First one-quarter of said grant exercisable in whole or in part one year from the date of grant, with a further one quarter of each such grant becoming exercisable on each of the next three anniversaries of such grant date. Vesting of this grant was accelerated by the Compensation Committee of the Board of Directors on June 1, 2005.
2. The sales restrictions on this grant to reporting person were lifted On November 2, 2006 by the Compensation Committee of the Board of Directors.
3. Exercisable in one-quarter increments over four years from the date of grant. Vesting of this grant to reporting person was accelerated by the Compensation Committee of the Board of Directors on June 1, 2005.
4. 200 shares at $22.79; 400 shares at $22.80; 400 shares at $22.92; 300 shares sold at $22.94; 10,000 shares sold at $22.95; 100 shares sold at $22.96; 12,600 shares sold at $22.97; 400 shares sold at $22.98; 800 shares sold at 22.99; 1,000 shares sold at $23.00. Amount of Securities benefically owned following reported transactions 1,000 shares directly held.
Remarks:
Linda Kresse for Gregory P. Sargen by POA 11/16/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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