To: Walkingshadow who wrote (1274 ) 7/14/2005 11:01:37 AM From: MJ Read Replies (1) | Respond to of 4814 Hi Terry Picked this up on Yah. Not complete but gives you the gist-------------ALNY > SEC Filings for ALNY > Form 8-K on 14-Jul-2005 All Recent SEC Filings Show all filings for ALNYLAM PHARMACEUTICALS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for ALNYLAM PHARMACEUTICALS, INC. -------------------------------------------------------------------------------- 14-Jul-2005 Entry into Material Agreement, Material Modifications, Change in FY Item 1.01. Entry into a Material Definitive Agreement. On July 13, 2005, the Board of Directors of Alnylam Pharmaceuticals, Inc. (the "Company") declared a dividend of one Right (each, a "Right") for each outstanding share of the Company's common stock, $.01 par value per share ("Common Stock"), to stockholders of record at the close of business on July 26, 2005 (the "Record Date"). Each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock, $.01 par value per share ("Series A Junior Preferred Stock"), at a purchase price of $80 (the "Purchase Price") in cash, subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement dated as of July 13, 2005 (the "Rights Agreement") between the Company and EquiServe Trust Company, N.A., as Rights Agent. The following summary description of the Rights does not purport to be complete and is qualified in its entirety by reference to the Rights Agreement, which is attached as Exhibit 4.1 hereto and incorporated herein by reference. Initially, the Rights are not exercisable and will be attached to all certificates representing outstanding shares of Common Stock, and no separate Rights Certificates will be distributed. The Rights will separate from the Common Stock, and the distribution date (the "Distribution Date") will occur, upon the earlier of (i) -----------------------" Reading on they ultimately expire in 2015. Rights are great but I have never seen a right for 1 1000Th of a preferred share priced at $80.00 per preferred share. Guess the market likes this-------stock up today. mj