X0202 4 2007-02-16 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 2007-02-16 4 S 0 800 75.33 D 69306 D Common Stock 2007-02-16 4 S 0 300 75.32 D 69006 D Common Stock 2007-02-16 4 S 0 900 75.31 D 68106 D Common Stock 2007-02-16 4 S 0 200 75.3 D 67906 D Common Stock 2007-02-16 4 S 0 400 75.29 D 67506 D Common Stock 2007-02-16 4 S 0 100 75.28 D 67406 D Common Stock 2007-02-16 4 S 0 300 75.27 D 67106 D Common Stock 2007-02-16 4 S 0 1000 75.26 D 66106 D Common Stock 2007-02-16 4 S 0 145 75.25 D 65961 D Common Stock 2007-02-16 4 S 0 489 75.24 D 65472 D Common Stock 2007-02-16 4 S 0 900 75.22 D 64572 D Common Stock 2007-02-16 4 S 0 200 75.21 D 64372 D Common Stock 2007-02-16 4 S 0 700 75.2 D 63672 D Common Stock 2007-02-16 4 S 0 800 75.19 D 62872 D Common Stock 2007-02-16 4 S 0 800 75.18 D 62072 D Common Stock 2007-02-16 4 S 0 600 75.17 D 61472 D Common Stock 2007-02-16 4 S 0 400 75.16 D 61072 D Common Stock 2007-02-16 4 S 0 511 75.15 D 60561 D Common Stock 2007-02-16 4 S 0 700 75.14 D 59861 D Common Stock 2007-02-16 4 S 0 100 75.13 D 59761 D Common Stock 2007-02-16 4 M 0 2074 48.2 A 61835 D Common Stock 2007-02-16 4 F 0 1320 75.7 D 60515 D Common Stock 2007-02-20 4 S 0 1000 74.29 D 59515 D Common Stock 2007-02-20 4 S 0 500 74.27 D 59015 D Common Stock 2007-02-20 4 S 0 4500 74.25 D 54515 D Common Stock 2779 I by Trust Incentive Stock Option (right to buy) 48.2 2007-02-16 4 M 0 2074 48.2 D 2007-12-17 2013-12-17 Common Stock 2074 22926 D Non-Qualified Stock Option (right to buy) 51.17 2007-02-16 4 M 0 50000 51.17 D 2006-12-19 2012-12-19 Common Stock 50000 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 2007-02-21