1 EXHIBIT 4.7 CONNECTIVE THERAPEUTICS, INC. NOTICE OF STOCK OPTION GRANT You (the "Optionee") have been granted an option (the "Option") to purchase Common Stock of Connective Therapeutics, Inc. (the "Company") as follows: Optionee's Name: Arthur Z. Eisen Date of Grant: March 28, 1996 Exercise Price Per Share: $0.45 Total Number of Shares Granted: 4,496 Total Price of Shares Granted: $2,023.20 Type of Option: Nonstatutory Stock Option Term/Expiration Date: March 28, 2006 Vesting Commencement Date: July 21, 1994 Vesting Schedule: 1/8th of the Total Number of Shares Granted shall vest on the six (6) month anniversary of the Vesting Commencement Date. Thereafter, while Optionee remains an employee of or consultant to the Company, 1/48th of the Total Number of Shares Granted shall vest on each monthly anniversary of the Vesting Commencement Date, until the Total Number of Shares Granted is fully vested. Termination Period: This Option (to the extent vested and not previously exercised) may be exercised for three months (3 months maximum for ISO's) after termination of employment or consulting relationship except as provided in Sections 7 and 8 of the Stock Option Agreement (but in no event later than the Expiration Date). By your signature and the signature of the Company's representative below, you and the Company agree that this option is granted under and governed by the terms and conditions of the Stock Option Agreement, attached and made a part of this document. OPTIONEE CONNECTIVE THERAPEUTICS, INC. /s/ Arthur Z. Eisen By: /s/ Thomas G. Wiggans _____________________________ ________________________________ Arthur Z. Eisen Thomas G. Wiggans President & CEO -45-