X0201 4 1994-08-22 0 0000874255 MEDAREX INC MEDX 0000902857 DRAKEMAN DONALD L MEDAREX, INC. 707 STATE ROAD PRINCETON NJ 08540 1 1 0 0 President & Chief Executive Common Stock, $.01 par value per share 2003-11-05 4 M 0 65178 0 A 36909 D Common Stock, $.01 par value per share 2003-11-05 4 S 0 32589 7.1217 D 0 D Common Stock, $.01 par value per share 30000 I by Spouse Common Stock, $.01 par value per share 43072 I by Children Common Stock, $.01 par value per share 25000 I by GRAT Common Stock, $.01 par value per share 100000 I by GRAT Stock Options (Right to Buy) 2.125 1994-08-22 4 A 0 100000 0 A 1995-08-22 2004-08-21 Common Stock 100000 100000 D Stock Options (Right to Buy) 2.3125 1995-06-06 4 A 0 100000 0 A 1996-06-06 2005-06-05 Common Stock 100000 100000 D Stock Options (Right to Buy) 3.22 1996-04-24 4 A 0 40000 0 A 1996-08-24 2006-04-23 Common Stock 40000 40000 D Stock Options (Right to Buy) 3.43 1999-11-01 4 A 0 224000 0 A 1999-05-01 2009-10-31 Common Stock 224000 224000 D Stock Options (Right to Buy) 45.20 2000-10-13 4 A 0 43788 0 A 2001-04-13 2010-10-12 Common Stock 43788 43788 D Stock Options (Right to Buy) 45.20 2000-10-13 4 A 0 2212 0 A 2001-10-13 2010-10-12 Common Stock 2212 2212 D Stock Options (Right to Buy) 27.81 2001-01-09 4 A 0 116405 0 A 2001-07-09 2011-01-08 Common Stock 116405 116405 D Stock Options (Right to Buy) 27.81 2001-01-09 4 A 0 3595 0 A 2002-01-09 2011-01-08 Common Stock 3595 3595 D Stock Options (Right to Buy) 12.90 2001-09-19 4 A 0 400000 0 A 2002-09-19 2011-09-18 Common Stock 400000 400000 D Stock Options (Right to Buy) 6.37 2002-07-11 4 A 0 300000 0 A 2003-07-11 2012-07-10 Common Stock 300000 300000 D Stock Options (Right to Buy) 2.80 2003-03-06 4 A 0 107000 0 A 2004-03-06 2013-03-05 Common Stock 107000 107000 D Phantom Stock Units 0 2003-11-05 4 M 0 65178 0 D 2002-05-05 2005-02-05 Common Stock 65178 325888 D Stock Options (Right to Buy) 5.59 2003-07-24 4 A 0 14000 0 A 2004-01-24 2013-07-23 Common Stock 14000 14000 D Stock Options (Right to Buy) 0 1988-08-08 1988-08-08 Common Stock 0 278000 I by Spouse Stock Options (Right to Buy) 7.155 2003-10-14 4 A 0 500000 0 A 2004-10-14 2013-10-13 Common Stock 500000 500000 D These shares were previously reported as directly beneficially owned, but were contributed to a grantor retained annunity trust on December 30, 2002. These shares were previously reported as directly beneficially owned, but were contributed to a grantor retained annunity trust on August 29, 2003. All share amounts reflect the Company's 2 for 1 stock split effected October 27, 2000. Options representing 100,000 shares vest on September 19,2002. The remainig options vest in 36 equal monthly installments beginning on October 19,2002. Options representing 75,000 shares vested on July 11, 2003. The remaining options vest in 36 equal monthly installments beginning on August 11, 2003. Options representing 26,750 shares vest on March 6, 2004. The remaining options vest in 36 equal monthly installments beginning on April 6, 2004. Represents phantom stock units convertible into shares of the Company's common stock on a 1-for-1 basis. The phantom stock units were acquired under the Company's Executive Deferred Compensation Plan in connection with the exercise of certain stock options which were scheduled to expire on June 15, 1999. The phantom stock units are settled 100% in shares of the Company's common stock in equal quarterly installments. The first installment was made on May 5, 2002. In addition to the options set forth above, Mr. Drakeman may be deemed to be the indirect beneficial owner of options covering an aggregate of 278,000 shares of Company common stock, which are owned by his wife. Mr. Drakeman disclaims beneficial ownership of all such securities. Options representing 125,000 shares vest on October 14, 2004. The remaining options vest in 36 equal monthly installments beginning November 14, 2004. In the Section 16 Electronic Reporting Frequently Asked Questions released by the SEC on May 1, 2003, the SEC has designated "08/08/1988" as a "dummy date" until the electronic system is modified. 08/08/1988 is not a transaction date related to these securities. Donald L. Drakeman 2003-11-05