UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
COWELL, STEVEN S.
10350 North Torrey Pines Road
La Jolla, CA 92037
U.S.A.
2. Issuer Name and Ticker or Trading Symbol
AGOURON PHARMACEUTICALS, INC.
(AGPH)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
08/31/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Corporate Vice President, Chief Financial Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |08/04/|M | |7,000 |A |$11.625 | |D | |
|97 | | | | | | | | |
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Common Stock |08/04/|S | |7,000 |D |$94.625 | |D | |
|97 | | | | | | | | |
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Common Stock |08/26/|J |V|5,743(1) |A | |11,486 |D | |
|97 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |$11.625 |08/04|M | |7,000 |D |(2) |02/08|Common Stock|7,000 | |0 |D | |
(right to buy) | |/97 | | | | | |/03 | | | | | | |
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Employee Stock Option |$6.89(3)|08/26|J |V|30,000(4) |A |(5) |06/16|Common Stock|30,000 | |60,000 |D | |
(right to buy) | |/97 | | | | | |/01 | | | | | | |
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Employee Stock Option |$5.1875(|08/26|J |V|15,000(4) |A |(6) |11/03|Common Stock|15,000 | |30,000 |D | |
(right to buy) |3) |/97 | | | | | |/03 | | | | | | |
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Employee Stock Option |$6.4375(|08/26|J |V|3,800(4) |A |(7) |06/06|Common Stock|3,800 | |7,600 |D | |
(right to buy) |3) |/97 | | | | | |/04 | | | | | | |
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Employee Stock Option |$11.4375|08/26|J |V|23,000(4) |A |(8) |06/14|Common Stock|23,000 | |46,000 |D | |
(right to buy) |(3) |/97 | | | | | |/05 | | | | | | |
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Employee Stock Option |$20.9375|08/26|J |V|7,164(4) |A |(9) |06/10|Common Stock|7,164 | |14,328 |D | |
(right to buy) |(3) |/97 | | | | | |/06 | | | | | | |
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Employee Stock Option |$20.9375|08/26|J |V|21,836(4) |A |(9) |06/10|Common Stock|21,836 | |43,672 |D | |
(right to buy) |(3) |/97 | | | | | |/06 | | | | | | |
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Employee Stock Option |$41.0000|08/26|J |V|9,343(4) |A |(10) |06/29|Common Stock|9,343 | |18,686 |D | |
(right to buy) |(3) |/97 | | | | | |/07 | | | | | | |
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Employee Stock Option |41.0000(|08/26|J |V|3,657(4) |A |(10) |06/29|Common Stock|3,657 | |7,314 |D | |
(right to buy) |3) |/97 | | | | | |/07 | | | | | | |
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Explanation of Responses:
(1) Agouron Pharmaceutical, Inc.'s ("AGPH") common stock split 2-for-1 on
08/26/97. As a result, Mr. Cowell
acquired direct ownership of 5,743
shares.
(2) Option vests 25% per year commencing
2/9/94.
(3) As a result of AGPH's 2-for-1 stock split on 8/26/97, the exercise price
of all outstanding options was
reduced by
one-half.
(4) Options acquired as a result of AGPH's 2-for-1 stock split on
8/26/97.
(5) Option vests 25% per year commencing
09/03/92.
(6) Option vests 25% per year commencing
11/04/94.
(7) Option vests 25% per year commencing
06/07/95.
(8) Option vests 25% per year commencing
06/15/96.
(9) Option vests 33.3% per year commencing
06/11/97
(10) Option vests 33.3% per year commencing
06/30/98.
SIGNATURE OF REPORTING PERSON
/s/ Steven S. Cowell
DATE
09/10/97
