PHILLIPS STEPHENS S [Rocket]

Date	Name	Symbol	Type	Security	Shares	Price	Value	Reported
07/03/2012	ERESEARCHTECHNOLOGY INC /DE/	ERES	Disposition	Option (Right to Buy)	22k	$4.60	$101.2k	07/03/2012
07/03/2012	ERESEARCHTECHNOLOGY INC /DE/	ERES	Disposition	Option (Right to Buy)	9.2k	$7.37	$67.9k	07/03/2012
07/03/2012	ERESEARCHTECHNOLOGY INC /DE/	ERES	Disposition	Option (Right to Buy)	10.9k	$6.21	$67.5k	07/03/2012
07/03/2012	ERESEARCHTECHNOLOGY INC /DE/	ERES	Disposition	Common Stock, $.01 par value	193.5k	$8.00	$1.5M	07/03/2012
07/03/2012	ERESEARCHTECHNOLOGY INC /DE/	ERES	Disposition	Option (Right to Buy)	45k	$6.29	$283k	07/03/2012