Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT 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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
STEPHAN GEORGE
  2. Issuer Name and Ticker or Trading Symbol
BARR PHARMACEUTICALS INC [BRL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Insider
(Last)
(First)
(Middle)
BARR PHARMACEUTICALS, INC., 400 CHESTNUT RIDGE ROAD
3. Date of Earliest Transaction (Month/Day/Year)
12/23/2008
(Street)

WOODCLIFF LAKE, NJ 07677
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/23/2008   D   11,875 D (1) 0 D  

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)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Options $ 28.14 12/23/2008   M     11,875 10/26/2001 10/26/2010 Common Stock 11,875 (2) 0 D  
Non-Qualified Stock Options $ 33.7 12/23/2008   M     16,875 10/25/2002 10/25/2011 Common Stock 16,875 (3) 0 D  
Non-Qualified Stock Options $ 26.76 12/23/2008   M     16,875 10/25/2003 10/25/2012 Common Stock 16,875 (4) 0 D  
Non-Qualified Stock Options $ 49.02 12/23/2008   M     11,250 10/23/2004 10/23/2013 Common Stock 11,250 (5) 0 D  
Non-Qualified Stock Options $ 37.87 12/23/2008   M     7,500 10/28/2005 10/28/2014 Common Stock 7,500 (6) 0 D  
Non-Qualified Stock Options $ 57.35 12/23/2008   M     10,000 11/03/2006 11/03/2015 Common Stock 10,000 (7) 0 D  
Non-Qualified Stock Options $ 48.84 12/23/2008   M     10,000 11/09/2006 11/09/2016 Common Stock 10,000 (8) 0 D  
Non-Qualified Stock Options $ 54.25 12/23/2008   M     5,000 05/17/2008 05/17/2017 Common Stock 5,000 (9) 0 D  
Non-Qualified Stock Options $ 39.76 12/23/2008   M     10,000 11/21/2008 05/18/2018 Common Stock 10,000 (10) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
STEPHAN GEORGE
BARR PHARMACEUTICALS, INC.
400 CHESTNUT RIDGE ROAD
WOODCLIFF LAKE, NJ 07677
      Insider  

Signatures

 /s/ William T. McKee as Attorney-in-Fact for George Stephan   12/29/2008
**Signature of Reporting Person Date

Explanation of Responses:

* 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) Disposed of pursuant to a merger agreement between Issuer and Teva Pharmaceutical Industries Ltd. in exchange for 7,448 shares of Teva Common Stock having a market value of $41.82 per share on the effective date of the merger and cash in the amount of $473,812.50.
(2) These options were assumed by Teva Pharmaceutical Industries Ltd. ("Teva")pursuant to a merger agreement between the issuer and Teva and replaced with options to purchase 18,777 shares of Common Stock of Teva for an exercise price of $17.80 per share.
(3) These options were assumed by Teva Pharmaceutical Industries Ltd. ("Teva")pursuant to a merger agreement between the issuer and Teva and replaced with options to purchase 26,684 shares of Common Stock of Teva for an exercise price of $16.92 per share.
(4) These options were assumed by Teva Pharmaceutical Industries Ltd. ("Teva")pursuant to a merger agreement between the issuer and Teva and replaced with options to purchase 26,684 shares of Common Stock of Teva for an exercise price of $21.31 per share.
(5) These options were assumed by Teva Pharmaceutical Industries Ltd. ("Teva")pursuant to a merger agreement between the issuer and Teva and replaced with options to purchase 17,789 shares of Common Stock of Teva for an exercise price of $31.00 per share.
(6) These options were assumed by Teva Pharmaceutical Industries Ltd. ("Teva")pursuant to a merger agreement between the issuer and Teva and replaced with options to purchase 11,859 shares of Common Stock of Teva for an exercise price of $23.95 per share.
(7) These options were assumed by Teva Pharmaceutical Industries Ltd. ("Teva")pursuant to a merger agreement between the issuer and Teva and replaced with options to purchase 15,812 shares of Common Stock of Teva for an exercise price of $36.27 per share.
(8) These options were assumed by Teva Pharmaceutical Industries Ltd. ("Teva")pursuant to a merger agreement between the issuer and Teva and replaced with options to purchase 15,812 shares of Common Stock of Teva for an exercise price of $30.89 per share.
(9) These options were assumed by Teva Pharmaceutical Industries Ltd. ("Teva")pursuant to a merger agreement between the issuer and Teva and replaced with options to purchase 7,906 shares of Common Stock of Teva for an exercise price of $34.31 per share.
(10) These options were assumed by Teva Pharmaceutical Industries Ltd. ("Teva")pursuant to a merger agreement between the issuer and Teva and replaced with options to purchase 15,812 shares of Common Stock of Teva for an exercise price of $25.14 per share.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.