X0201 4 2003-10-06 0 0000887708 CARACO PHARMACEUTICAL LABORATORIES LTD cpd 0001195057 BORKAR NARENDRA N 1150 ELIJAH MCCOY DRIVE DETROIT MI 48202 1 0 0 0 common stock 2003-10-06 4 M 0 40000 1.15 A 250000 D employee stock option (right to buy) 1.15 2003-10-06 4 M 0 40000 1.15 D 2003-09-30 2005-06-01 common stock 40000 0 D The 40,000 options were part of a grant of 200,000 options on June 1, 1999. The 200,000 options were exercisable 20% on June 1, 2000, and 20% each anniversary thereafter. The 40,000 were the last remaining options outstanding (60,000 options were previously exercised as disclosed in the Form 4 filed on 06/06/2003 and 100,000 options were exercised as disclosed in the Form 4 filed on 09/23/2003). The Board agreed to accelerate the vesting of these 40,000 options to 09/30/2003. Narendra N. Borkar 2003-10-08