X0202 4 2006-02-24 0 0000873364 CEPHALON INC CEPH 0001209725 GREBOW PETER E 41 MOORES ROAD FRAZER PA 19355 0 1 0 0 Exec VP,Worldwide Tech Ops. Common Stock 2006-02-24 4 S 0 9700 76.41 D 48535 D Common Stock 2006-02-24 4 S 0 100 76.76 D 48435 D Common Stock 2779 I by Trust Incentive Stock Option (right to buy) 27.625 2006-02-24 4 M 0 10000 0 D 2004-12-15 2009-12-15 Common Stock 10000 0 D Incentive Stock Option (right to buy) 51.125 2006-02-24 4 M 0 2560 0 D 2004-12-13 2010-12-13 Common Stock 2560 0 D Non-Qualified Stock Option (right to buy) 51.125 2006-02-24 4 M 0 22440 0 D 2004-12-13 2010-12-13 Common Stock 22440 0 D Options vest 25% on each annual anniversary of grant and are fully vested 4 years from date of grant. Options expire 10 years from date of grant. By: Carolyn S. Iosca For: Peter E. Grebow 2006-02-28