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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Incentive Stock Options (right to purchase) | $ 6.7 | 09/28/2010 | A | 59,681 (3) | (4) | 08/09/2014 | Common Stock, no par value | 59,681 | $ 6.7 | 59,681 | D | ||||
| Non-Qualified Stock Options (right to purchase) | $ 6.7 | 09/28/2010 | A | 24,250 (5) | (6) | 08/09/2014 | Common Stock, no par value | 24,250 | $ 6.7 | 24,250 | D | ||||
| Non-Qualified Stock Options (right to purchase) | $ 6.33 | 09/28/2010 | A | 41,966 (5) | (7) | 11/01/2015 | Common Stock, no par value | 41,966 | $ 6.33 | 41,966 | D | ||||
| Non-Qualified Stock Options (right to purchase) | $ 6.68 | 09/28/2010 | A | 44,764 (5) | (8) | 10/31/2016 | Common Stock, no par value | 44,764 | $ 6.68 | 44,764 | D | ||||
| Non-Qualified Stock Options (right to purchase) | $ 5.29 | 09/28/2010 | A | 13,988 (5) | (9) | 10/30/2017 | Common Stock, no par value | 13,988 | $ 5.29 | 13,988 | D | ||||
| Non-Qualified Stock Options (right to purchase) | $ 13.75 | 09/28/2010 | A | 62,636 (5) | (10) | 03/03/2017 | Common Stock, no par value | 62,636 | $ 13.75 | 62,636 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Chai-Onn Robert Roswell 7150 MISSISSAUGA ROAD MISSISSAUGA, A6 L5N 8M5 |
EVP, GC & Corp. Sec. | |||
| By: Angie Palmer For:Robert Chai-Onn | 10/01/2010 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents long-term performance units (the "Performance Units") received upon conversion of the reporting person's Valeant Pharmaceuticals International, Inc. ("old Valeant") Performance Units that were held prior to the merger between the issuer (formerly known as Biovail Corporation) and old Valeant (the "Merger"), in accordance with the terms of the Merger agreement between the issuer and, amongst others, old Valeant. The Performance Units can be settled only in common shares of the issuer. The fair market value of old Valeant on the day prior to the effective date of the Merger was $63.25 per share. |
| (2) | Represents restricted share units received upon conversion of the reporting person's old Valeant restricted stock units that were held prior to the Merger. The restricted share units can be settled only in common shares of the issuer. The fair market value on the day prior to the effective date of the Merger was $63.25 per share. |
| (3) | Received upon conversion of the reporting person's old Valeant incentive stock options that were held prior to the Merger. |
| (4) | The stock options were initially granted on August 9, 2004 and vest in four equal annual installments. |
| (5) | Received upon conversion of the reporting person's old Valeant non-qualified stock options that were held prior to the Merger. |
| (6) | The stock options were initially granted on August 9, 2004 and vest in four equal annual installments. |
| (7) | The stock options were initially granted on November 5, 2005 and vest in four equal annual installments. |
| (8) | The stock options were initially granted on October 31, 2006 and vest in four equal annual installments. |
| (9) | The stock options were initially granted on October 30, 2007 and vest in four equal annual installments. |
| (10) | The stock options were initially granted on March 3, 2010 and vest in four equal annual installments. |