4 1 form4-tarriff.txt ---------------------------- OMB APPROVAL ---------------------------- OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response.....0.5 ---------------------------- U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 [_] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). ________________________________________________________________________________ 1. Name and Address of Reporting Person* TARRIFF SCOTT L. -------------------------------------------------------------------------------- (Last) (First) (Middle) ONE RAM RIDGE ROAD -------------------------------------------------------------------------------- (Street) SPRING VALLEY NY 10977 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol PHARMACEUTICAL RESOURCES, INC. (PRX) ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Day/Year January 2, 2003 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) PRESIDENT & CHIEF EXECUTIVE OFFICER OF PAR PHARMACEUTICAL, INC. ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by one Reporting Person [_] Form filed by More than One Reporting Person ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================
5. 6. 4. Amount of Owner- Securities Acquired (A) or Securities ship 3. Disposed of (D) Beneficially Form: 7. 2A. Transaction (Instr. 3, 4 and 5) Owned Follow- Direct Nature of 1. 2. Deemed Code ------------------------------- ing Reported (D) or Indirect Title of Transaction Execution (Instr. 8) (A) Transaction Indirect Beneficial Security Date Date, if any ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/2/03 M 1,100 A $1.50 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/2/03 S 100 D $29.60 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/2/03 S 100 D $29.63 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/2/03 S 100 D $29.64 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/2/03 S 600 D $29.65 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/2/03 S 200 D $29.80 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/3/03 M 48,900 A $1.50 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/3/03 S 23,900 D $29.50 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/3/03 S 4,400 D $29.35 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/3/03 S 700 D $29.33 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/3/03 S 4,900 D $29.34 15,000 D ------------------------------------------------------------------------------------------------------------------------------------ 1,500 I By spouse ====================================================================================================================================
FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
9. Number 10. of Owner- Deriva- ship tive Form 2. Securi- of Conver- 5. 7. ties Deriv- 11. sion Number of Title and Amount Benefi- ative Nature or 3A Derivative 6. of Underlying 8. cially Secur- of Exer- Deem- 4. Securities Date Securities Price Owned ity: In- cise 3. ed Exe- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct Price Trans- cution action or Disposed Expiration Date ---------------- Deriv- ing Re- (D) or Bene- 1. of action Date, Code of(D) (Month/Day/Year) Amount ative ported In- ficial Title of Deriv- Date if any Instr. (Instr. 3, ---------------- or Secur- Transac- direct Owner- Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity tion (I) ship Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr (Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Common Option to Buy $1.50 1/2/03 M 1,100 (1) 1/5/03 Stock 50,000 48,900 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Common Option to Buy $1.50 1/3/03 M 48,900 (1) 1/5/03 Stock 48,900 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Common Option to Buy $30.55 9/21/01 (2) 9/20/11 Stock 275,000 275,000 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Common Option to Buy $7.625 1/12/01 (3) 1/11/11 Stock 20,000 20,000 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Common Option to Buy $25.85 7/29/02 A V (2) 7/28/09 Stock 200,000 200,000 D ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) currently exercisable (2) 25% vest on the first anniversary of the date of grant and an additional 25% on each anniversary thereafter (3) 20% vest on the first anniversary of the date of grant and an additional 20% on each anniversary thereafter /s/ MARIAN E. GUSTAFSON JANUARY 6, 2003 -------------------------------------------- ----------------------- **Signature of Reporting Person Date BY: MARIAN E. GUSTAFSON FOR: SCOTT L. TARRIFF Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, SEE Instruction 6 for procedure. o Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number