X0202 4 2007-12-10 0000873364 CEPHALON INC CEPH 0001209724 SAVINI CARL A 41 MOORES RD. FRAZER PA 19355 0 1 0 0 Exec. VP & CAO Common Stock 2007-12-10 4 M 0 6375 48.20 A 52543 D Common Stock 2007-12-10 4 M 0 13750 51.17 A 66293 D Common Stock 2007-12-10 4 M 0 5000 48.06 A 71293 D Common Stock 2007-12-10 4 M 0 25000 51.08 A 96293 D Common Stock 2007-12-10 4 S 0 74 78.30 D 96219 D Common Stock 2007-12-10 4 S 0 113 78.34 D 96106 D Common Stock 2007-12-10 4 S 0 400 78.35 D 95706 D Common Stock 2007-12-10 4 S 0 800 78.36 D 94906 D Common Stock 2007-12-10 4 S 0 1600 78.37 D 93306 D Common Stock 2007-12-10 4 S 0 1800 78.39 D 91506 D Common Stock 2007-12-10 4 S 0 1187 78.40 D 90319 D Common Stock 2007-12-10 4 S 0 1888 78.42 D 88431 D Common Stock 2007-12-10 4 S 0 1012 78.43 D 87419 D Common Stock 2007-12-10 4 S 0 900 78.44 D 86519 D Common Stock 2007-12-10 4 S 0 1400 78.45 D 85119 D Common Stock 2007-12-10 4 S 0 500 78.46 D 84619 D Common Stock 2007-12-10 4 S 0 200 78.47 D 84419 D Common Stock 2007-12-10 4 S 0 850 78.48 D 83569 D Common Stock 2007-12-10 4 S 0 926 78.49 D 82643 D Common Stock 2007-12-10 4 S 0 2392 78.50 D 80251 D Common Stock 2007-12-10 4 S 0 1400 78.51 D 78851 D Common Stock 2007-12-10 4 S 0 876 78.52 D 77975 D Common Stock 2007-12-10 4 S 0 2131 78.53 D 75844 D Common Stock 2007-12-10 4 S 0 1400 78.54 D 74444 D Common Stock 2007-12-10 4 S 0 269 78.55 D 74175 D Common Stock 2007-12-10 4 S 0 300 78.56 D 73875 D Common Stock 2007-12-10 4 S 0 900 78.57 D 72975 D Common Stock 2007-12-10 4 S 0 1000 78.58 D 71975 D Common Stock 2007-12-10 4 S 0 1400 78.59 D 70575 D Common Stock 2007-12-10 4 S 0 200 78.60 D 70375 D Incentive Stock Option 48.20 2007-12-10 4 M 0 2074 0 D 2007-12-17 2013-12-16 Common Stock 2074 2074 D Non-Qualified Stock Option 51.17 2007-12-10 4 M 0 13750 0 D 2006-12-20 2012-12-19 Common Stock 13750 0 D Non-Qualified Stock Option 48.20 2007-12-10 4 M 0 125 0 D 2007-12-17 2013-12-16 Common Stock 125 125 D Non-Qualified Stock Option 48.20 2007-12-10 4 M 0 4176 0 D 2007-12-17 2013-12-16 Common Stock 4176 4176 D Non-Qualified Stock Option 48.06 2007-12-10 4 M 0 5000 0 D 2008-12-16 2014-12-15 Common Stock 5000 7920 D Common Stock 51.08 2007-12-10 4 M 0 25000 0 D 2009-12-01 2015-11-30 Common Stock 25000 23043 D Options vest 25% on each annual anniversary of grant and are fully vested 4 years from date of grant. Options expire ten years from date of grant. Carolyn S. Iosca, Attorney-in-Fact For: Carl A. Savini 2007-12-11