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DRAXIS Health Reports Results for the First Quarter of 2008
Date:5/9/2008

Exercisable (in years) Price ($000's)

$2.01 - $2.50 1 0.13 $2.29 $0

$2.51 - $3.00 - - - -

$3.01 - $3.50 15,000 0.59 $3.25 $46

$3.51 - $4.00 - - - -

$4.01 - $4.50 125,000 0.75 $4.30 $251

$4.51 - $5.00 130,000 1.36 $4.70 $209

$5.01 - $6.65 668,327 2.48 $5.54 $517

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938,328 2.08 $5.25 $1,024

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(b) Deferred Share Unit Plan

Under the Company's Deferred Share Unit Plan, members of senior

management can elect to receive up to 20% of base salary and up to 100%

of any bonus payable in respect of that year in deferred share units

("DSUs") in lieu of cash compensation. An election must be made by

December 1 of each year in respect of base salary and bonus for the

following year. The elected amount is converted to a number of DSUs equal

to the elected amount divided by the closing price of the common shares

on TSX or NASDAQ on December 31 of each year, based on a purchase

commitment as of December 1 of the prior year. Participants are not

entitled to redeem any DSUs until cessation of employment with the

Company for any reason. The value of DSUs redeemable by the participants

will be equivalent to the market value of the common share at the time of

redemption. The DSUs must be redeemed no later than the end of the first

calendar year commencing after the d
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SOURCE DRAXIS Health Inc.
Copyright©2008 PR Newswire.
All rights reserved

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