X0202 4 2005-09-09 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 2005-09-09 4 J 0 8454 0 A 252991 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 16134 I by GRAT Common Stock, $.01 par value per share 57657 I by GRAT Common Stock, $.01 par value per share 41546 I By GRAT 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 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) 7.155 2003-10-14 4 A 0 500000 0 A 2004-10-14 2013-10-13 Common Stock 500000 500000 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) 5.61 2004-07-26 4 A 0 350000 0 A 2005-07-26 2014-07-25 Common Stock 350000 350000 D Stock Options (Right to Buy) 9.90 2005-09-06 4 A 0 500000 0 A 2006-09-06 2015-09-05 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 annuity trust on August 28, 2003. Options representing 100,000 shares vested 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 vested on March 6, 2004. The remaining options vest in 36 equal monthly installments beginning on April 6, 2004. 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 vested 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. Options representing 87,500 shares vested on July 26, 2005. The remaining options vest in 36 equal monthly installments beginning August 26, 2005. These shares were previously reported as directly beneficially owned, but were contributed to a grantor retained annuity trust on September 9, 2004. Options representing 125,000 shares vest on September 6, 2006. The remaining options vest in 36 equal monthly installments beginning October 6, 2006. These shares were previously reported as indirectly beneficially owned under a grantor retained annuity trust established on September 9, 2004. Pursuant to the terms of the trust, these shares were distributed to the reporting person on September 9, 2005 and, upon such distribution, the nature of such reporting person's beneficial ownership changed from indirect to direct. Donald L. Drakeman 2005-09-13