Insider Trades - RATOFF STEVEN B

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RATOFF STEVEN B: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
NOVADEL PHARMA INC Officer OTC BB:NVDL.OB (historical quotes, profile, SEC, other insiders)	11-Dec-09	1,560,000	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
11-Dec-09 500,000 NVDL.OB Purchase at $0.13 - $0.18 per share.
8-Dec-09 500,000 NVDL.OB Purchase at $0.14 - $0.15 per share.
(Cost of about $73,000)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
11-Dec-09	500,000	NVDL.OB	Purchase at $0.13 - $0.18 per share.
8-Dec-09	500,000	NVDL.OB	Purchase at $0.14 - $0.15 per share. (Cost of about $73,000)