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<P style="margin:0pt; font-family:Times New Roman" align=center>Registration No. 333-_______</P>
<P style="margin-top:0pt; margin-bottom:2.5pt; font-family:Times New Roman" align=center>As filed with the Securities and Exchange Commission on December 5, 2005</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-bottom:3pt; font-family:Times New Roman; border-bottom:0.5pt solid #000000" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>UNITED STATES
<BR>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>WASHINGTON, DC 20549</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center>__________</P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>FORM S-8</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>REGISTRATION STATEMENT</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>UNDER</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>THE SECURITIES ACT OF 1933</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>__________</P>
<P style="margin:0pt; line-height:16.5pt; font-family:Times New Roman; font-size:14.5pt" align=center><B>PAR PHARMACEUTICAL COMPANIES, INC.</B></P>
<P style="margin-top:0pt; margin-bottom:8pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0pt; text-indent:72pt; font-family:Times New Roman"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=319.2 colspan=2><P style="margin:0pt; font-family:Times New Roman" align=center><B>Delaware</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>(State or other jurisdiction of incorporation or organization)</P>
</TD><TD valign=top width=319.2 colspan=2><P style="margin:0pt; font-family:Times New Roman" align=center><B>22-3122182</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>(I.R.S. Employer Identification No.)</P>
</TD></TR>
<TR><TD valign=top width=159.6>&nbsp;</TD><TD valign=top width=159.6>&nbsp;</TD><TD valign=top width=159.6>&nbsp;</TD><TD valign=top width=159.6>&nbsp;</TD></TR>
<TR><TD valign=top width=319.2 colspan=2><P style="margin:0pt; font-family:Times New Roman" align=center><B>300 Tice Boulevard</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Woodcliff Lake, New Jersey</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>(Address of principal executive offices)</P>
</TD><TD valign=top width=319.2 colspan=2><P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>07677</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>(Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>2004 PERFORMANCE EQUITY PLAN</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>(Full title of the plan)</P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Scott Tarriff, Chief Executive Officer and President </B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Par Pharmaceutical Companies, Inc.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>300 Tice Boulevard</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Woodcliff Lake, New Jersey 07677</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>(Name and address of agent for service)</P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>(201) 802-4000</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>(Telephone number, including area code, of agent for service)</P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center>Copies of all communications to:</P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Stephen R. Connoni, Esq.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Kirkpatrick &amp; Lockhart Nicholson Graham LLP</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>599 Lexington Avenue</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>New York, New York 10022</B></P>
<P style="margin-top:0pt; margin-bottom:20pt; font-family:Times New Roman" align=center><B>(212) 536-3900</B></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin:0pt; text-indent:36pt; font-family:Times New Roman" ALIGN=CENTER><B>CALCULATION OF REGISTRATION FEE</B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD style="border-top:3pt double #000000; border-bottom:0.5pt solid #000000" valign=top width=161.733><P style="margin:0pt; font-family:Times New Roman" align=center><B>Title of each</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>class of securities</B></P>
<P style="margin-top:0pt; margin-bottom:2.25pt; font-family:Times New Roman" align=center><B>to be registered</B></P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:3pt double #000000; border-bottom:0.5pt solid #000000" valign=top width=111.067><P style="margin:0pt; font-family:Times New Roman" align=center><B>Amount to be</B></P>
<P style="margin-top:0pt; margin-bottom:2.25pt; font-family:Times New Roman" align=center><B>Registered</B><SUP>(1)</SUP></P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:3pt double #000000; border-bottom:0.5pt solid #000000" valign=top width=126.933><P style="margin:0pt; font-family:Times New Roman" align=center><B>Proposed maximum offering price</B></P>
<P style="margin-top:0pt; margin-bottom:2.25pt; font-family:Times New Roman" align=center><B>per share</B></P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:3pt double #000000; border-bottom:0.5pt solid #000000" valign=top width=126.933><P style="margin:0pt; font-family:Times New Roman" align=center><B>Proposed maximum</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>aggregate</B></P>
<P style="margin-top:0pt; margin-bottom:2.25pt; font-family:Times New Roman" align=center><B>offering price</B></P>
</TD><TD style="border-left:0.75pt solid #000000; border-top:3pt double #000000; border-bottom:0.5pt solid #000000" valign=top width=152.6><P style="margin:0pt; font-family:Times New Roman" align=center><B>Amount of</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>registration</B></P>
<P style="margin-top:0pt; margin-bottom:2.25pt; font-family:Times New Roman" align=center><B>fee</B></P>
</TD></TR>
<TR><TD style="border-bottom:0.75pt solid #000000" valign=top width=161.733><P style="margin-top:48pt; margin-bottom:0pt; font-family:Times New Roman">Common Stock, par value<BR>
$.01 per share</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=111.067><P style="margin-top:48pt; margin-bottom:0pt; font-family:Times New Roman" align=center>1,646,254<BR>
3,513,718<BR>
4,090,480(2)</P>
</TD><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=126.933><P style="margin-top:48pt; margin-bottom:0pt; font-family:Times New Roman" align=center>(3)<BR>
$27.055<SUP>(4)</SUP></P>
</TD>
<TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=111.067><P style="margin-top:48pt; margin-bottom:0pt; font-family:Times New Roman" align=center>$61,811,518.56<BR>
$95,063,640.49</P>
</TD>

<TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=152.6><P style="margin-top:48pt; margin-bottom:0pt; font-family:Times New Roman" align=center>
$16,786<SUP>(5)</SUP></P>
</TD></TR>

</TABLE>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:30pt; text-indent:-30pt; font-family:Times New Roman" align=justify><SUP>(1)</SUP> </P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:30pt; font-family:Times New Roman" align=justify>This Registration Statement also registers additional securities to be offered or issued upon adjustments or changes made to registered securities by reason of any stock splits, stock dividends or similar transactions as permitted by Rule 416(a) and Rule 416(b) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;).</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:30pt; text-indent:-30pt; font-family:Times New Roman" align=justify><SUP>(2)</SUP></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:30pt; font-family:Times New Roman" align=justify>In addition to the 5,159,972 new shares of the Registrant&#146;s common stock, par value $.01 per share (&#147;Common Stock&#148;), being registered hereunder, the Registrant hereby carries forward, and this Registration Statement shall be deemed to apply to, 4,090,480 shares of the Registrant&#146;s Common Stock previously registered, but not used (the &#147;Unallocated Shares&#148;), under (i) Registration Statement on Form S-8 (File No. 333-68456) filed by the Registrant on August 27, 2001 and (ii) Registration Statement on Form S-8 (File No. 333-106681) filed by the Registrant on June 30, 2003 (the &#147;2001 Plan Registration Statements&#148;) registering shares of the Registrant&#146;s Common Stock to be offered under the Registrant&#146;s 2001 Performance Equity Plan. &nbsp;In conjunction with the filing of this Registration Statement, the Registrant is filing a Post-Effective Amendment to the
2001 Plan Registration Statements acknowledging the transfer of the Unallocated Shares to this Registration Statement.</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:30pt; text-indent:-30pt; font-family:Times New Roman" align=justify><SUP>(3)</SUP></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:30pt; font-family:Times New Roman" align=justify>Solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and (h) under the Securities Act, the table below details the maximum offering price per share with respect to shares being registered hereunder that have been allocated to awards under the 2004 Performance Equity Plan<FONT FACE="CG Times">: &nbsp;(i) in the case of shares of Common Stock which may be purchased upon exercise of outstanding options, the fee is calculated on the basis of the price at which the options may be exercised, as listed below; and (ii) in the case of shares of restricted Common Stock previously granted, the fee is calculated on the basis of the fair market value (&#147;FMV&#148;) of the shares on the date of grant. </FONT></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=140></TD><TD width=106></TD><TD width=96></TD><TD width=96></TD></TR>
<TR><TD style="border:0.5pt solid #000000" valign=top width=186.667><P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua"><B><U>Date of Grant</U></B></FONT></P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><B><U>Exercise Price / FMV</U></B></P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><B><U>No. of</U></B></P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><B><U>Outstanding Options / Shares of Restricted Common Stock</U></B></P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><B><U>Maximum Offering </U></B></P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><B><U>Price</U></B></P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">06/10/04</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">$40.12</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>15,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>$601,800.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">06/21/04</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">37.30</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>45,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>1,678,500.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">07/15/04</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">34.29</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>123,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>4,217,670.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">08/03/04</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">40.82</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>10,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-left:31.5pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>408,200.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">09/20/04</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">40.73</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>4,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>162,920.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">09/27/04</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">36.06</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>35,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>1,262,100.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">12/21/04</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">42.05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>30,500</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>1,282,525.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">01/06/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">42.14</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>593,722</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>25,019,445.08</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">01/06/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">42.14</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>200,032</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>8,429,348.48</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">02/18/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">37.40</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>54,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>2,019,600.00</P>
</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=140></TD><TD width=106></TD><TD width=96></TD><TD width=96></TD></TR>
<TR><TD style="border:0.5pt solid #000000" valign=top width=186.667><P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">Date of Grant</FONT></P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">Exercise Price / FMV</FONT></P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>No. of</P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>Outstanding Options / Shares of Restricted Common Stock</P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>Maximum Offering </P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>Price</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">02/22/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">38.51</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>25,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>962,750.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">02/25/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">37.67</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>22,500</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>847,575.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">04/07/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">33.10</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>76,500</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>2,532,150.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">06/10/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">32.55</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>15,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>488,250.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">05/24/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">32.09</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>88,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>2,823,920.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">05/31/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">32.00</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>5,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>160,000.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">06/06/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">31.10</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>107,500</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>3,343,250.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">06/07/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">30.96</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>2,500</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=128><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>77,400.00</P>
</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=140></TD><TD width=106></TD><TD width=94></TD><TD width=98></TD></TR>
<TR><TD style="border:0.5pt solid #000000" valign=top width=186.667><P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">Date of Grant</FONT></P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">Exercise Price / FMV</FONT></P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>No. of</P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>Outstanding Options / Shares of Restricted Common Stock</P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>Maximum Offering </P>
<P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>Price</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">06/13/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">32.88</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>72,500</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>2,383,800.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">06/14/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">32.19</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>10,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>321,900.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">06/15/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">33.51</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>2,500</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>83,775.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">06/16/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">31.57</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>5,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>157,850.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">06/20/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">31.03</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>2,500</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>77,575.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">8/24/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">23.38</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>32,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>748,160.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">8/29/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">23.49</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>2,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>46,980.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">9/1/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">24.49</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>47,500</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>1,163,275.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:11pt; margin:0pt; font-family:CG Times; font-size:9pt" align=center><FONT FACE="CG Times">9/9/05</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><FONT FACE="Book Antiqua">25.54</FONT></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center>20,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>510,800.00</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><B>Total No. of Shares Granted</B></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333>&nbsp;</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; padding-right:28.8pt; font-family:Book Antiqua; font-size:8pt" align=right>1,646,254</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>$61,811,518.56</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><B>Total No. of Shares Not Yet Granted</B></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333>&nbsp;</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; padding-right:28.8pt; font-family:Book Antiqua; font-size:8pt" align=right>3,513,718</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>$95,063,640.49</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=186.667><P style="line-height:10pt; margin:0pt; font-family:Book Antiqua; font-size:8pt" align=center><B>TOTAL SHARES</B></P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=141.333>&nbsp;</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=125.333><P style="line-height:10pt; margin:0pt; padding-right:28.8pt; font-family:Book Antiqua; font-size:8pt" align=right>5,159,972</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=130.667><P style="line-height:10pt; margin:0pt; padding-right:16.5pt; font-family:Book Antiqua; font-size:8pt" align=right>$156,875,159.05</P>
</TD></TR>
</TABLE>
<BR></P>
<P style="margin:0pt; padding-left:30pt; padding-right:43.2pt; text-indent:-30pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:30pt; padding-right:3pt; text-indent:-30pt; font-family:Times New Roman" align=justify><SUP>(4)</SUP></P>
<P style="margin:0pt; padding-left:30pt; padding-right:3pt; font-family:Times New Roman" align=justify>Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) under the Securities Act. &nbsp;The fee is calculated on the basis of the average of the high and low prices for the Registrant&#146;s Common Stock reported on the New York Stock Exchange on
December 1, 2005.</P>
<P style="margin:0pt; padding-left:30pt; padding-right:43.2pt; text-indent:-30pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:30pt; padding-right:43.2pt; text-indent:-30pt; font-family:Times New Roman" align=justify><SUP>(5)</SUP></P>
<P style="margin:0pt; padding-left:30pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>Aggregate registration fees of $26,451.82 were paid in connection with the Unallocated Shares.</P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=center><B>PART II</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=center><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:21.6pt; padding-right:43.2pt; font-family:Times New Roman" align=justify><B>Item 3.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:50.4pt; font-family:Times New Roman" align=justify><B>Incorporation of Documents by Reference.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:14.4pt; font-family:Times New Roman" align=justify>The following documents filed by Par Pharmaceutical Companies, Inc. (the &#147;Registrant&#148;) with the Securities and Exchange Commission (the &#147;Commission&#148;) are incorporated by reference into this Registration Statement:</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:53.85pt; padding-right:43.2pt; text-indent:-18pt; font-family:Times New Roman" align=justify>1.</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:53.85pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended December 31, 2004,
filed with the Commission on March 16, 2005;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:53.85pt; padding-right:43.2pt; text-indent:-18pt; font-family:Times New Roman" align=justify>2.</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:53.85pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>The Registrant&#146;s Quarterly Reports on Form 10-Q for the quarters ended April 3, 2005, July 3, 2005 and October 2, 2005, filed with the Commission on May 13, 2005, August 12, 2005 and November 14, 2005, respectively;
and Amendment No. 1 to the Registrant's Quarterly Report on Form 10-Q/A for the quarter ended October 2, 2005, filed with the Commission on November
15, 2005;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:53.85pt; padding-right:43.2pt; text-indent:-18pt; font-family:Times New Roman" align=justify>3.</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:53.85pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>The Registrant&#146;s Proxy Statement on Form 14A relating to its 2005 annual meeting of stockholders and filed with the Commission on April 14, 2005;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:53.85pt; padding-right:43.2pt; text-indent:-18pt; font-family:Times New Roman" align=justify>4.</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:53.85pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>The Registrant&#146;s Current Reports on Form 8-K filed with the Commission on February 24, 2005, April 28, 2005, May 5, 2005, July 28, 2005 and October 27, 2005;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:53.85pt; padding-right:43.2pt; text-indent:-18pt; font-family:Times New Roman" align=justify>5.</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:53.85pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>All other reports filed by the Registrant pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), since December 31, 2004 through the date hereof; and</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:53.85pt; padding-right:43.2pt; text-indent:-18pt; font-family:Times New Roman" align=justify>6.</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:53.85pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>The description of the Registrant&#146;s Common Stock contained in the Registration Statement filed by the Registrant under Section 12 of the Exchange Act, including any amendments or reports filed for the purpose of updating such description. </P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:14.4pt; font-family:Times New Roman" align=justify>All documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date of this Registration Statement, but prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered by this Registration Statement have been sold or which deregisters all such securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement. &nbsp;Each document incorporated by reference into this Registration Statement shall be deemed to be a part of this Registration Statement from the date of filing of such document with the Commission until the information contained therein is superseded or updated by any subsequently filed document that is incorporated by reference into this Registration
Statement or by any document that constitutes part of the prospectus relating to the Registrant's 2004 Performance Equity Plan, as amended, each meeting the requirements of Section 10(a) of the Securities Act.</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:21.6pt; padding-right:43.2pt; font-family:Times New Roman" align=justify><B>Item 4.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:50.4pt; font-family:Times New Roman" align=justify><B>Description of Securities.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:14.4pt; font-family:Times New Roman" align=justify>The class of securities to be offered under this Registration Statement is registered under Section 12(b) of the Exchange Act. </P>

<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:21.6pt; padding-right:43.2pt; font-family:Times New Roman" align=justify><B>Item 5.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:50.4pt; font-family:Times New Roman" align=justify><B>Interests of Named Experts and Counsel.</B></P>
<P style="margin-top:0pt; margin-bottom:30pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:14.4pt; font-family:Times New Roman" align=justify>Not applicable.</P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin-top:0pt; margin-bottom:-12pt; padding-left:21.6pt; padding-right:43.2pt; font-family:Times New Roman" align=justify><B>Item 6.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:50.4pt; font-family:Times New Roman" align=justify><B>Indemnification of Directors and Officers.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:14.4pt; font-family:Times New Roman" align=justify>Section 145 of the Delaware General Corporation Law, or the DGCL, authorizes a corporation,
subject to the procedures and limitations stated therein, to indemnify its directors, officers, employees and agents against expenses,
including attorneys&#146; fees, judgments, fines and amounts paid in settlement reasonably incurred, including liabilities under the Securities Act, provided they act in good faith and in a manner reasonably believed to be in or not opposed to the best interests of the corporation, although in the case of proceedings brought by or on behalf of the corporation, indemnification is limited to expenses and is not permitted if the individual is adjudged liable to the corporation, unless the court determines
otherwise. The statute provides that indemnification pursuant to its provisions is not exclusive of other rights of indemnification to
which a person may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or
otherwise. Our certificate of incorporation and bylaws provide for indemnification of our directors and officers to the fullest
extent permitted by Delaware law.</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:14.4pt; font-family:Times New Roman" align=justify>As permitted by Section 102 of the DGCL, our certificate of incorporation and bylaws provide that no director will be liable to the registrant or its stockholders for monetary damages for breach of certain fiduciary duties as a director, except to the extent that such elimination or limitation of liability is not permitted under the DGCL as in effect at the time of breach of such fiduciary duty.</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:14.4pt; font-family:Times New Roman" align=justify>Section 145 of the DGCL also authorizes a corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation against any liability asserted against him or her and incurred by him or her in his or her capacity as a director, officer, employee or agent of the corporation, or arising out of his or her status as a director, officer, employee or agent of the corporation. We maintain liability insurance covering our directors and officers for claims asserted against them or incurred by them in their capacity as directors and officers, including claims brought under the Securities Act, within the limits and subject to the limitations of our policies.</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:21.6pt; padding-right:43.2pt; font-family:Times New Roman" align=justify><B>Item 7.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:50.4pt; font-family:Times New Roman" align=justify><B>Exemption From Registration Claimed.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:14.4pt; font-family:Times New Roman" align=justify>Not applicable.</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:21.6pt; padding-right:43.2pt; font-family:Times New Roman" align=justify><B>Item 8.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:50.4pt; font-family:Times New Roman" align=justify><B>Exhibits.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:14.4pt; font-family:Times New Roman" align=justify>The following exhibits are filed herewith or incorporated by reference as part of this Registration Statement:</P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin-top:0pt; margin-bottom:-10pt; padding-left:201.6pt; padding-right:43.2pt; text-indent:-180pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify><B><U>Exhibit No.</U></B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:201.6pt; padding-right:43.2pt; text-indent:-129.6pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify><B><U>Description</U></B></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt; padding-right:43.2pt; text-indent:-36.15pt; font-family:Times New Roman" align=justify>3.1</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:72pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>Certificate of Incorporation of the Registrant, as filed with the Secretary of State of the State of Delaware on May 9, 2003 (incorporated by reference to Exhibit 3.1 of the Registrant&#146;s Report on Form 8-K, filed with the Commission on July 9, 2003). &nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt; padding-right:43.2pt; text-indent:-36.15pt; font-family:Times New Roman" align=justify>3.2</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:72pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>Certificate of Amendment of Certificate of Incorporation of the Registrant, as filed with the Secretary of State of the State of Delaware on May 27, 2004 (filed herewith).</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt; padding-right:43.2pt; text-indent:-36.15pt; font-family:Times New Roman" align=justify>3.3</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:72pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>Certificate of Designations of Series A Junior Participating Preferred Stock of the Registrant, as filed with the Secretary of State of the State of Delaware on October 27, 2004 (filed herewith).</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:71.85pt; padding-right:43.2pt; text-indent:-35.85pt; font-family:Times New Roman" align=justify>3.4</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:71.85pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>By-laws of the Registrant, as amended on February 25, 2004 (filed herewith).</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt; padding-right:43.2pt; text-indent:-36pt; font-family:Times New Roman" align=justify>5.1</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:72pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>Opinion of Kirkpatrick &amp; Lockhart Nicholson Graham LLP regarding the legality of the shares being registered hereunder (filed herewith).</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt; padding-right:43.2pt; text-indent:-36pt; font-family:Times New Roman" align=justify>23.1</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:72pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>Consent of Deloitte and Touche LLP, independent registered public accounting firm (filed herewith).</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt; padding-right:43.2pt; text-indent:-36pt; font-family:Times New Roman" align=justify>23.2</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:72pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>Consent of Kirkpatrick &amp; Lockhart Nicholson Graham LLP (included in the opinion filed as Exhibit 5.1 hereto).</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-right:43.2pt; text-indent:36pt; font-family:Times New Roman" align=justify>24.1</P>
<P style="margin-top:0pt; margin-bottom:20pt; padding-right:43.2pt; text-indent:72pt; font-family:Times New Roman" align=justify>Power of Attorney (included on the signature page to this Registration Statement).</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:21.6pt; padding-right:43.2pt; font-family:Times New Roman" align=justify><B>Item 9.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:21.6pt; padding-right:43.2pt; text-indent:50.4pt; font-family:Times New Roman" align=justify><B>Undertakings.</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:36pt; padding-right:43.2pt; text-indent:36pt; font-family:Times New Roman" align=justify>(a) &nbsp;The undersigned Registrant hereby undertakes:</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:36pt; padding-right:43.2pt; text-indent:36pt; font-family:Times New Roman" align=justify>(1) &nbsp;To file, during any period in which offers of sales are being made, a post-effective amendment to this Registration Statement:</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:110pt; padding-right:43.2pt; text-indent:40pt; font-family:Times New Roman" align=justify>(i) &nbsp;to include any prospectus required by Section 10(a)(3) of the Securities Act;</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:110pt; padding-right:43.2pt; text-indent:40pt; font-family:Times New Roman" align=justify>(ii) &nbsp;to reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) that, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. &nbsp;Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the &#147;Calculation of
Registration Fee&#148; table in the effective Registration Statement; and</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:110pt; padding-right:43.2pt; text-indent:40pt; font-family:Times New Roman" align=justify>(iii) &nbsp;to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;</P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before: always; margin-top:0pt; margin-bottom:10pt; padding-left:73pt; padding-right:43.2pt; text-indent:40pt; font-family:Times New Roman" align=justify><I>provided, however</I>,</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:110pt; padding-right:43.2pt; text-indent:40pt; font-family:Times New Roman" align=justify>(A) &nbsp;Paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply
if the registration statement is on Form S-8, and the information required to be included in a post-effective amendment
by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13
or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement; and</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:110pt; padding-right:43.2pt; text-indent:40pt; font-family:Times New Roman" align=justify>(B) &nbsp;Paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do
not apply if the registration statement is on Form S-3 or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs
is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange
Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to
Rule 424(b) that is part of the registration statement.  </P>

<P style="margin-top:0pt; margin-bottom:10pt; padding-left:36pt; padding-right:43.2pt; text-indent:36pt; font-family:Times New Roman" align=justify>(2) &nbsp;That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide</I> offering thereof.</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:36pt; padding-right:43.2pt; text-indent:36pt; font-family:Times New Roman" align=justify>(3) &nbsp;To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:36pt; padding-right:43.2pt; text-indent:36pt; font-family:Times New Roman" align=justify>(b) &nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide</I> offering thereof.</P>
<P style="margin-top:0pt; margin-bottom:20pt; padding-left:36pt; padding-right:43.2pt; text-indent:36pt; font-family:Times New Roman" align=justify>(c) &nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. &nbsp;In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B>SIGNATURES</B></P>
<P style="margin-top:0pt; margin-bottom:20pt; text-indent:36pt; font-family:Times New Roman" align=justify>Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Woodcliff Lake, State of New Jersey, on this 5th day of December 2005.</P>
<P style="margin-top:0pt; margin-bottom:20pt; padding-left:21.6pt; text-indent:212.4pt; font-family:Times New Roman">PAR PHARMACEUTICAL COMPANIES, INC.</P>
<P style="margin:0pt; padding-left:21.6pt; text-indent:212.4pt; font-family:Times New Roman" align=justify>By:<U>/s/ Scott Tarriff&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-left:21.6pt; text-indent:212.4pt; font-family:Times New Roman" align=justify>Scott Tarriff</P>
<P style="margin-top:0pt; margin-bottom:25pt; padding-left:21.6pt; text-indent:212.4pt; font-family:Times New Roman">Chief Executive Officer and President</P>
<P style="margin-top:0pt; margin-bottom:5pt; font-family:Times New Roman" align=center><B>POWER OF ATTORNEY</B></P>
<P style="margin-top:0pt; margin-bottom:5pt; text-indent:36pt; font-family:Times New Roman">KNOW ALL PERSONS BY THESE PRESENTS, that each person, whose signature appears below, constitutes and appoints Scott Tarriff and Dennis J. O&#146;Connor, and each of them, as his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in his name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) to this Registration Statement and to file the same, with all exhibits thereto, and all documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, or any of them or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman" align=justify>Pursuant to the requirements of the Securities Act of 1933, as amended, the following persons in the capacities and on the dates indicated have signed this Registration Statement below.</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=259.533><P style="margin:0pt; padding-right:30pt; font-family:Times New Roman"><U>Signature</U></P>
</TD><TD valign=top width=232><P style="margin:0pt; font-family:Times New Roman"><U>Capacity</U></P>
</TD><TD valign=top width=140><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><U>Date</U></P>
</TD></TR>
<TR><TD valign=top width=259.533>&nbsp;</TD><TD valign=top width=232>&nbsp;</TD><TD valign=top width=140>&nbsp;</TD></TR>
<TR><TD valign=top width=259.533><P style="margin:0pt; padding-right:30pt; font-family:Times New Roman"><U>/s/ Mark Auerbach&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-right:30pt; font-family:Times New Roman">Mark Auerbach</P>
</TD><TD valign=top width=232><P style="margin:0pt; font-family:Times New Roman">Executive Chairman of the Board of Directors <BR>
</P>
</TD><TD valign=top width=140><P style="margin:0pt; font-family:Times New Roman">December 5, 2005</P>
</TD></TR>
<TR><TD valign=top width=259.533>&nbsp;</TD><TD valign=top width=232>&nbsp;</TD><TD valign=top width=140>&nbsp;</TD></TR>
<TR><TD valign=top width=259.533><P style="margin:0pt; padding-right:30pt; font-family:Times New Roman"><U>/s/ Scott Tarriff&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-right:30pt; font-family:Times New Roman">Scott Tarriff</P>
</TD><TD valign=top width=232><P style="margin:0pt; font-family:Times New Roman">Chief Executive Officer, President and Director <I>(Principal Executive Officer)<BR>
</I></P>
</TD><TD valign=top width=140><P style="margin:0pt; font-family:Times New Roman">December 5, 2005</P>
</TD></TR>
<TR><TD valign=top width=259.533>&nbsp;</TD><TD valign=top width=232>&nbsp;</TD><TD valign=top width=140>&nbsp;</TD></TR>
<TR><TD valign=top width=259.533><P style="margin:0pt; padding-right:30pt; font-family:Times New Roman"><U>/s/ Dennis J. O&#146;Connor&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-right:30pt; font-family:Times New Roman">Dennis J. O&#146;Connor</P>
</TD><TD valign=top width=232><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">Vice President and Chief Financial<BR>
Officer <I>(Principal Accounting and Financial Officer)</I></P>
</TD><TD valign=top width=140><P style="margin:0pt; font-family:Times New Roman">December 5, 2005</P>
</TD></TR>
<TR><TD valign=top width=259.533>&nbsp;</TD><TD valign=top width=232>&nbsp;</TD><TD valign=top width=140>&nbsp;</TD></TR>


<TR><TD valign=top width=259.533><P style="margin:0pt; padding-right:30pt; font-family:Times New Roman"><U>/s/ John D. Abernathy&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-right:30pt; font-family:Times New Roman">John D. Abernathy</P>
</TD><TD valign=top width=232><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">Director</P>
</TD><TD valign=top width=140><P style="margin:0pt; font-family:Times New Roman">December 5, 2005</P>
</TD></TR>
<TR><TD valign=top width=259.533>&nbsp;</TD><TD valign=top width=232>&nbsp;</TD><TD valign=top width=140>&nbsp;</TD></TR>

<TR><TD valign=top width=259.533><P style="margin:0pt; padding-right:30pt; font-family:Times New Roman"><U>/s/ Arie Gutman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-right:30pt; font-family:Times New Roman">Arie Gutman</P>
</TD><TD valign=top width=232><P style="margin-top:0pt; margin-bottom:20pt; font-family:Times New Roman">Director</P>
</TD><TD valign=top width=140><P style="margin:0pt; font-family:Times New Roman">December 5, 2005</P>
</TD></TR>
<TR><TD valign=top width=259.533>&nbsp;</TD><TD valign=top width=232>&nbsp;</TD><TD valign=top width=140>&nbsp;</TD></TR>
<TR><TD valign=top width=259.533><P style="margin:0pt; padding-right:30pt; font-family:Times New Roman"><U>/s/ Peter S. Knight&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-right:30pt; font-family:Times New Roman">Peter S. Knight</P>
</TD><TD valign=top width=232><P style="margin-top:0pt; margin-bottom:20pt; font-family:Times New Roman">Director</P>
</TD><TD valign=top width=140><P style="margin:0pt; font-family:Times New Roman">December 5, 2005</P>
</TD></TR>
<TR><TD valign=top width=259.533>&nbsp;</TD><TD valign=top width=232>&nbsp;</TD><TD valign=top width=140>&nbsp;</TD></TR>
<TR><TD valign=top width=259.533><P style="margin:0pt; padding-right:30pt; font-family:Times New Roman"><U>/s/ Ronald M. Nordmann&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-right:30pt; font-family:Times New Roman">Ronald M. Nordmann</P>
</TD><TD valign=top width=232><P style="margin-top:0pt; margin-bottom:20pt; font-family:Times New Roman">Director</P>
</TD><TD valign=top width=140><P style="margin:0pt; font-family:Times New Roman">December 5, 2005</P>
</TD></TR>
<TR><TD valign=top width=259.533>&nbsp;</TD><TD valign=top width=232>&nbsp;</TD><TD valign=top width=140>&nbsp;</TD></TR>
<TR><TD valign=top width=259.533><P style="margin:0pt; padding-right:30pt; font-family:Times New Roman"><U>/s/ Peter W. Williams&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-right:30pt; font-family:Times New Roman">Peter W. Williams</P>
</TD><TD valign=top width=232><P style="margin-top:0pt; margin-bottom:20pt; font-family:Times New Roman">Director</P>
</TD><TD valign=top width=140><P style="margin:0pt; font-family:Times New Roman">December 5, 2005</P>
</TD></TR>
<TR><TD valign=top width=259.533>&nbsp;</TD><TD valign=top width=232>&nbsp;</TD><TD valign=top width=140>&nbsp;</TD></TR>
<TR><TD valign=top width=259.533><P style="margin:0pt; padding-right:30pt; font-family:Times New Roman"><U>/s/ L. William Seidman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-right:30pt; font-family:Times New Roman">L. William Seidman</P>
</TD><TD valign=top width=232><P style="margin-top:0pt; margin-bottom:20pt; font-family:Times New Roman">Director</P>
</TD><TD valign=top width=140><P style="margin:0pt; font-family:Times New Roman">December 5, 2005</P>
</TD></TR>
<TR><TD valign=top width=259.533>&nbsp;</TD><TD valign=top width=232>&nbsp;</TD><TD valign=top width=140>&nbsp;</TD></TR>
<TR><TD valign=top width=259.533><P style="margin:0pt; padding-right:30pt; font-family:Times New Roman"><U>/s/ Joseph E. Smith&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-right:30pt; font-family:Times New Roman">Joseph E. Smith</P>
</TD><TD valign=top width=232><P style="margin-top:0pt; margin-bottom:20pt; font-family:Times New Roman">Director</P>
</TD><TD valign=top width=140><P style="margin:0pt; font-family:Times New Roman">December 5, 2005</P>
</TD></TR></TABLE>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<TABLE style="page-break-before: always; font-size:10pt" cellspacing=0><TR>
<TD valign=top width=126 colspan=2>&nbsp;</TD>
<TD valign=top width=444.533><P style="margin-top:0pt; margin-bottom:8pt; padding-right:43.2pt; font-family:Times New Roman" align=justify><B><U>EXHIBIT INDEX</U></B><br><br></TD>
</TR>
<TR><TD valign=top width=126 colspan=2><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify><B><U>Exhibit No.</U></B></TD>
<TD valign=top width=444.533><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify><B><U>Description</U></B>
<br><br></TD></TR>
<TR><TD valign=top width=24.533>&nbsp;</TD><TD valign=top width=101.467><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>3.2</TD>
<TD valign=top width=444.533><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>Certificate of Amendment of Certificate of Incorporation of the Registrant, as filed with the Secretary of State of the State of Delaware on May 27, 2004.<br><br> </TD></TR>
<TR><TD valign=top width=24.533>&nbsp;</TD><TD valign=top width=101.467><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>3.3</TD>
<TD valign=top width=444.533><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>Certificate of Designations of Series A Junior Participating Preferred Stock of the Registrant, as filed with the Secretary of State of the State of Delaware on October 27, 2004.<br><br></P>
</TD></TR>
<TR><TD valign=top width=24.533>&nbsp;</TD><TD valign=top width=101.467><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>3.4</P>
</TD><TD valign=top width=444.533><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>By-laws of the Registrant, as amended on February 25, 2004.<br><br></P>
</TD></TR>
<TR><TD valign=top width=24.533>&nbsp;</TD><TD valign=top width=101.467><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>5.1</P>
</TD><TD valign=top width=444.533><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>Opinion of Kirkpatrick &amp; Lockhart Nicholson Graham LLP regarding the legality of the shares being registered hereunder.<br><br></P>
</TD></TR>
<TR><TD valign=top width=24.533>&nbsp;</TD><TD valign=top width=101.467><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>23.1</P>
</TD><TD valign=top width=444.533><P style="margin-top:0pt; margin-bottom:10pt; padding-right:43.2pt; font-family:Times New Roman" align=justify>Consent of Deloitte and Touche LLP, registered certified public accounting
firm.</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
</BODY>
</HTML>
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{"company-data": {"conformed-name": "PAR PHARMACEUTICAL COMPANIES, INC.", "cik": "0000878088", "assigned-sic": "2834", "irs-number": "223122182", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-130140", "film-number": "051245103"}, "business-address": {"street1": "300 TICE BOULEVARD", "city": "WOODCLIFF LAKE", "state": "NJ", "zip": "07677", "phone": "845-425-7100"}, "mail-address": {"street1": "300 TICE BOULEVARD", "city": "WOODCLIFF LAKE", "state": "NJ", "zip": "07677"}, "former-company": {"former-conformed-name": "PHARMACEUTICAL RESOURCES INC", "date-changed": "19940526"}}
Registration No. 333-_______
As filed with the Securities and Exchange Commission on December 5, 2005
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
__________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
__________
PAR PHARMACEUTICAL COMPANIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
22-3122182
(I.R.S. Employer Identification No.)
300 Tice Boulevard
Woodcliff Lake, New Jersey
(Address of principal executive offices)
07677
(Zip Code)
2004 PERFORMANCE EQUITY PLAN
(Full title of the plan)
Scott Tarriff, Chief Executive Officer and President
Par Pharmaceutical Companies, Inc.
300 Tice Boulevard
Woodcliff Lake, New Jersey 07677
(Name and address of agent for service)
(201) 802-4000
(Telephone number, including area code, of agent for service)
Copies of all communications to:
Stephen R. Connoni, Esq.
Kirkpatrick & Lockhart Nicholson Graham LLP
599 Lexington Avenue
New York, New York 10022
(212) 536-3900
CALCULATION OF REGISTRATION FEE
Title of each
class of securities
to be registered
Amount to be
Registered
(1)
Proposed maximum offering price
per share
Proposed maximum
aggregate
offering price
Amount of
registration
fee
Common Stock, par value
$.01 per share
1,646,254
3,513,718
4,090,480(2)
(3)
$27.055
(4)
$61,811,518.56
$95,063,640.49
$16,786
(5)
(1)
This Registration Statement also registers additional securities to be offered or issued upon adjustments or changes made to registered securities by reason of any stock splits, stock dividends or similar transactions as permitted by Rule 416(a) and Rule 416(b) under the Securities Act of 1933, as amended (the "Securities Act").
(2)
In addition to the 5,159,972 new shares of the Registrant's common stock, par value $.01 per share ("Common Stock"), being registered hereunder, the Registrant hereby carries forward, and this Registration Statement shall be deemed to apply to, 4,090,480 shares of the Registrant's Common Stock previously registered, but not used (the "Unallocated Shares"), under (i) Registration Statement on Form S-8 (File No. 333-68456) filed by the Registrant on August 27, 2001 and (ii) Registration Statement on Form S-8 (File No. 333-106681) filed by the Registrant on June 30, 2003 (the "2001 Plan Registration Statements") registering shares of the Registrant's Common Stock to be offered under the Registrant's 2001 Performance Equity Plan.  In conjunction with the filing of this Registration Statement, the Registrant is filing a Post-Effective Amendment to the
2001 Plan Registration Statements acknowledging the transfer of the Unallocated Shares to this Registration Statement.
(3)
Solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and (h) under the Securities Act, the table below details the maximum offering price per share with respect to shares being registered hereunder that have been allocated to awards under the 2004 Performance Equity Plan
:  (i) in the case of shares of Common Stock which may be purchased upon exercise of outstanding options, the fee is calculated on the basis of the price at which the options may be exercised, as listed below; and (ii) in the case of shares of restricted Common Stock previously granted, the fee is calculated on the basis of the fair market value ("FMV") of the shares on the date of grant.
Date of Grant
Exercise Price / FMV
No. of
Outstanding Options / Shares of Restricted Common Stock
Maximum Offering
Price
06/10/04
$40.12
15,000
$601,800.00
06/21/04
37.30
45,000
1,678,500.00
07/15/04
34.29
123,000
4,217,670.00
08/03/04
40.82
10,000
408,200.00
09/20/04
40.73
4,000
162,920.00
09/27/04
36.06
35,000
1,262,100.00
12/21/04
42.05
30,500
1,282,525.00
01/06/05
42.14
593,722
25,019,445.08
01/06/05
42.14
200,032
8,429,348.48
02/18/05
37.40
54,000
2,019,600.00
Date of Grant
Exercise Price / FMV
No. of
Outstanding Options / Shares of Restricted Common Stock
Maximum Offering
Price
02/22/05
38.51
25,000
962,750.00
02/25/05
37.67
22,500
847,575.00
04/07/05
33.10
76,500
2,532,150.00
06/10/05
32.55
15,000
488,250.00
05/24/05
32.09
88,000
2,823,920.00
05/31/05
32.00
5,000
160,000.00
06/06/05
31.10
107,500
3,343,250.00
06/07/05
30.96
2,500
77,400.00
Date of Grant
Exercise Price / FMV
No. of
Outstanding Options / Shares of Restricted Common Stock
Maximum Offering
Price
06/13/05
32.88
72,500
2,383,800.00
06/14/05
32.19
10,000
321,900.00
06/15/05
33.51
2,500
83,775.00
06/16/05
31.57
5,000
157,850.00
06/20/05
31.03
2,500
77,575.00
8/24/05
23.38
32,000
748,160.00
8/29/05
23.49
2,000
46,980.00
9/1/05
24.49
47,500
1,163,275.00
9/9/05
25.54
20,000
510,800.00
Total No. of Shares Granted
1,646,254
$61,811,518.56
Total No. of Shares Not Yet Granted
3,513,718
$95,063,640.49
TOTAL SHARES
5,159,972
$156,875,159.05
(4)
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) under the Securities Act.  The fee is calculated on the basis of the average of the high and low prices for the Registrant's Common Stock reported on the New York Stock Exchange on
December 1, 2005.
(5)
Aggregate registration fees of $26,451.82 were paid in connection with the Unallocated Shares.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference.
The following documents filed by Par Pharmaceutical Companies, Inc. (the "Registrant") with the Securities and Exchange Commission (the "Commission") are incorporated by reference into this Registration Statement:
1.
The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2004,
filed with the Commission on March 16, 2005;
2.
The Registrant's Quarterly Reports on Form 10-Q for the quarters ended April 3, 2005, July 3, 2005 and October 2, 2005, filed with the Commission on May 13, 2005, August 12, 2005 and November 14, 2005, respectively;
and Amendment No. 1 to the Registrant's Quarterly Report on Form 10-Q/A for the quarter ended October 2, 2005, filed with the Commission on November
15, 2005;
3.
The Registrant's Proxy Statement on Form 14A relating to its 2005 annual meeting of stockholders and filed with the Commission on April 14, 2005;
4.
The Registrant's Current Reports on Form 8-K filed with the Commission on February 24, 2005, April 28, 2005, May 5, 2005, July 28, 2005 and October 27, 2005;
5.
All other reports filed by the Registrant pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), since December 31, 2004 through the date hereof; and
6.
The description of the Registrant's Common Stock contained in the Registration Statement filed by the Registrant under Section 12 of the Exchange Act, including any amendments or reports filed for the purpose of updating such description.
All documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date of this Registration Statement, but prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered by this Registration Statement have been sold or which deregisters all such securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement.  Each document incorporated by reference into this Registration Statement shall be deemed to be a part of this Registration Statement from the date of filing of such document with the Commission until the information contained therein is superseded or updated by any subsequently filed document that is incorporated by reference into this Registration
Statement or by any document that constitutes part of the prospectus relating to the Registrant's 2004 Performance Equity Plan, as amended, each meeting the requirements of Section 10(a) of the Securities Act.
Item 4.
Description of Securities.
The class of securities to be offered under this Registration Statement is registered under Section 12(b) of the Exchange Act.
Item 5.
Interests of Named Experts and Counsel.
Not applicable.
Item 6.
Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law, or the DGCL, authorizes a corporation,
subject to the procedures and limitations stated therein, to indemnify its directors, officers, employees and agents against expenses,
including attorneys' fees, judgments, fines and amounts paid in settlement reasonably incurred, including liabilities under the Securities Act, provided they act in good faith and in a manner reasonably believed to be in or not opposed to the best interests of the corporation, although in the case of proceedings brought by or on behalf of the corporation, indemnification is limited to expenses and is not permitted if the individual is adjudged liable to the corporation, unless the court determines
otherwise. The statute provides that indemnification pursuant to its provisions is not exclusive of other rights of indemnification to
which a person may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or
otherwise. Our certificate of incorporation and bylaws provide for indemnification of our directors and officers to the fullest
extent permitted by Delaware law.
As permitted by Section 102 of the DGCL, our certificate of incorporation and bylaws provide that no director will be liable to the registrant or its stockholders for monetary damages for breach of certain fiduciary duties as a director, except to the extent that such elimination or limitation of liability is not permitted under the DGCL as in effect at the time of breach of such fiduciary duty.
Section 145 of the DGCL also authorizes a corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation against any liability asserted against him or her and incurred by him or her in his or her capacity as a director, officer, employee or agent of the corporation, or arising out of his or her status as a director, officer, employee or agent of the corporation. We maintain liability insurance covering our directors and officers for claims asserted against them or incurred by them in their capacity as directors and officers, including claims brought under the Securities Act, within the limits and subject to the limitations of our policies.
Item 7.
Exemption From Registration Claimed.
Not applicable.
Item 8.
Exhibits.
The following exhibits are filed herewith or incorporated by reference as part of this Registration Statement:
Exhibit No.
Description
3.1
Certificate of Incorporation of the Registrant, as filed with the Secretary of State of the State of Delaware on May 9, 2003 (incorporated by reference to Exhibit 3.1 of the Registrant's Report on Form 8-K, filed with the Commission on July 9, 2003).
3.2
Certificate of Amendment of Certificate of Incorporation of the Registrant, as filed with the Secretary of State of the State of Delaware on May 27, 2004 (filed herewith).
3.3
Certificate of Designations of Series A Junior Participating Preferred Stock of the Registrant, as filed with the Secretary of State of the State of Delaware on October 27, 2004 (filed herewith).
3.4
By-laws of the Registrant, as amended on February 25, 2004 (filed herewith).
5.1
Opinion of Kirkpatrick & Lockhart Nicholson Graham LLP regarding the legality of the shares being registered hereunder (filed herewith).
23.1
Consent of Deloitte and Touche LLP, independent registered public accounting firm (filed herewith).
23.2
Consent of Kirkpatrick & Lockhart Nicholson Graham LLP (included in the opinion filed as Exhibit 5.1 hereto).
24.1
Power of Attorney (included on the signature page to this Registration Statement).
Item 9.
Undertakings.
(a)  The undersigned Registrant hereby undertakes:
(1)  To file, during any period in which offers of sales are being made, a post-effective amendment to this Registration Statement:
(i)  to include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)  to reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) that, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement.  Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective Registration Statement; and
(iii)  to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;
provided, however
,
(A)  Paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply
if the registration statement is on Form S-8, and the information required to be included in a post-effective amendment
by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13
or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement; and
(B)  Paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do
not apply if the registration statement is on Form S-3 or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs
is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange
Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to
Rule 424(b) that is part of the registration statement.
(2)  That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(3)  To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)  The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(c)  Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Woodcliff Lake, State of New Jersey, on this 5th day of December 2005.
PAR PHARMACEUTICAL COMPANIES, INC.
By:
/s/ Scott Tarriff
Scott Tarriff
Chief Executive Officer and President
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person, whose signature appears below, constitutes and appoints Scott Tarriff and Dennis J. O'Connor, and each of them, as his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in his name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) to this Registration Statement and to file the same, with all exhibits thereto, and all documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, or any of them or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, the following persons in the capacities and on the dates indicated have signed this Registration Statement below.
Signature
Capacity
Date
/s/ Mark Auerbach
Mark Auerbach
Executive Chairman of the Board of Directors
December 5, 2005
/s/ Scott Tarriff
Scott Tarriff
Chief Executive Officer, President and Director
(Principal Executive Officer)
December 5, 2005
/s/ Dennis J. O'Connor
Dennis J. O'Connor
Vice President and Chief Financial
Officer
(Principal Accounting and Financial Officer)
December 5, 2005
/s/ John D. Abernathy
John D. Abernathy
Director
December 5, 2005
/s/ Arie Gutman
Arie Gutman
Director
December 5, 2005
/s/ Peter S. Knight
Peter S. Knight
Director
December 5, 2005
/s/ Ronald M. Nordmann
Ronald M. Nordmann
Director
December 5, 2005
/s/ Peter W. Williams
Peter W. Williams
Director
December 5, 2005
/s/ L. William Seidman
L. William Seidman
Director
December 5, 2005
/s/ Joseph E. Smith
Joseph E. Smith
Director
December 5, 2005
EXHIBIT INDEX
Exhibit No.
Description
3.2
Certificate of Amendment of Certificate of Incorporation of the Registrant, as filed with the Secretary of State of the State of Delaware on May 27, 2004.
3.3
Certificate of Designations of Series A Junior Participating Preferred Stock of the Registrant, as filed with the Secretary of State of the State of Delaware on October 27, 2004.
3.4
By-laws of the Registrant, as amended on February 25, 2004.
5.1
Opinion of Kirkpatrick & Lockhart Nicholson Graham LLP regarding the legality of the shares being registered hereunder.
23.1
Consent of Deloitte and Touche LLP, registered certified public accounting
firm.