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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MORGANROTH JOEL M D
2. Issuer Name and Ticker or Trading Symbol

ERESEARCHTECHNOLOGY INC /DE/ [ ERES ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chariman&Chief Scientific Off
(Last)          (First)          (Middle)

C/O ERESEARCHTECHNOLOGY, INC., 30 SOUTH 17TH STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

2/28/2008
(Street)

PHILADELPHIA, PA 19103
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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, $.01 par value   2/29/2008     S    100000   D $11.685   985225   D  
 
Common Stock, $.01 par value                  1125000   I   Three irrevocable trusts for the benefit of Dr. Morganroth's minor children   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Option (Right to Buy)   $12.00   2/28/2008        30000         (6) 2/28/2015   Common Stock, $.01 par value   30000   $12.00   30000   D  
 
Variable Prepaid Forward Contract   (2)   (2) (3)                   (2)   (2) Common Stock, $.01 par value   1125000   (2)   1   (2) I   Three trusts for the benefit of Dr. Morganroth's minor children   (4)
Option (Right to Buy)   $7.41                     (6) 2/23/2014   Common Stock, $.01 par value   30000     30000   D  
 
Option (Right to Buy)   $14.70                     (6) 2/10/2013   Common Stock, $.01 par value   30000     30000   D  
 
Option (Right to Buy)   $15.46                     (6) 2/14/2012   Common Stock, $.01 par value   30000     30000   D  
 
Option (Right to Buy)   $22.09                     (8) 2/9/2014   Common Stock, $.01 par value   37500     37500   D  
 
Option (Right to Buy)   $6.29                     (7) 4/22/2013   Common Stock, $.01 par value   90000     90000   D  
 
Option (Right to Buy)   $1.69                     (7) 12/20/2011   Common Stock, $.01 par value   101250     101250   D  
 
Option (Right to Buy)   $.75                     (7) 5/21/2011   Common Stock, $.01 par value   421875     421875   D  
 
Option (Right to Buy)   $1.39                     (5) 12/1/2009   Common Stock, $.01 par value   168750     168750   D  
 
Option (Right to Buy)   $1.13                     (5) 2/4/2009   Common Stock, $.01 par value   84375     84375   D  
 

Explanation of Responses:
( 1)  The 1,125,000 shares are held in three irrevocable trusts for the benefit of Dr. Morganroth's minor children, of which Dr. Morganroth's spouse serves as trustee and for which Dr. Morganroth disclaims beneficial ownership.
( 2)  On February 9, 2004, three trusts for the benefit of Dr. Morganroth's minor children (see note 4) entered into 10b5-1 plans in the form of variable prepaid forward agreements (the "Agreements") with an unaffiliated securities brokerage firm for an aggregate of 1,125,000 shares of the Company's common stock. The brokerage firm sold an aggregate of 1,125,000 shares of the Company's common stock into the public market in accordance with paragraphs (f) and (g) of Rule 144 under the Securities Act of 1933, as amended. Pursuant to the Agreements, the trusts have agreed to sell the shares for the notional amount of $22.2672 per share, subject to adjustment as described in note 4 below. The trusts have received aggregate upfront cash payments of $21,042,504.
( 3)  Under the Agreements, on February 12, 2009 (the "Settlement Date"), the trusts will be obligated to deliver an aggregate number of shares to the brokerage firm based on the closing price of the common stock on the third business day preceding the Settlement Date (the "Settlement Price"), as follows: (a) if the Settlement Price is less than or equal to $22.2672 (the "Lower Limit"), a delivery of 1,125,000 shares; (b) if the Settlement Price is greater than the Lower Limit but less than $31.1741 (the "Upper Limit"), a delivery of a fraction of the 1,125,000 shares, the numerator of which will be the Lower Limit and the denominator of which will be the Settlement Price; and (c) if the Settlement Price is equal to or greater than the Upper Limit, a delivery of a fraction of the 1,125,000 shares, the numerator of which will be the sum of the Lower Limit plus the excess, if any, of the Settlement Price over the Upper Limit, and the denominator of which will be the Settlement Price.
( 4)  The shares are held by three trusts for the benefit of Dr. Morganroth's minor children, of which Dr. Morganroth's spouse serves as trustee. Dr. Morganroth disclaims beneficial ownership of these shares.
( 5)  Options become exercisable in five equal annual installments beginning one year after date of grant and are fully exercisable five years prior to expiration.
( 6)  Options become exercisable in four equal annual installments beginning one year after date of grant and are fully exercisable three years prior to expiration.
( 7)  Options become exercisable in four equal annual installments beginning one year after date of grant and are fully exercisable six years prior to expiration.
( 8)  25% of the total options granted became exercisable one year after date of grant. The remaining 75% became exercisable in December 2005.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MORGANROTH JOEL M D
C/O ERESEARCHTECHNOLOGY, INC.
30 SOUTH 17TH STREET
PHILADELPHIA, PA 19103
X
Chariman&Chief Scientific Off

Signatures
Joel Morganroth 2/29/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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