X0202 4 2007-07-13 0 0000882104 PDL BIOPHARMA, INC. PDLI 0001242935 MURRAY RICHARD /CA/ C/O PDL BIOPHARMA, INC. 34801 CAMPUS DRIVE FREMONT CA 94555 1 1 0 0 EVP & CSO Common Stock 2007-07-13 4 F 0 1447 26.22 D 53125 D Represents the number of shares withheld by the issuer and canceled to satisfy tax withholding obligations of the reporting person that arose in connection with the vesting of restricted shares of common stock. /s/ Francis Sarena by Francis Sarena, Attorney-in-Fact for Richard Murray 2007-07-17