NEW YORK (AP) -- Forest Laboratories Inc. Chairman and Chief Executive Howard Solomon in fiscal 2006 received total compensation valued by the drug developer at just over $5.2 million, according to its proxy statement filed Friday.

Solomon received $1.1 million in salary, $600,000 in a bonus and $80,592 in "other" compensation, which life insurance and compensation under the company's savings and profit sharing plan, according to the Securities and Exchange Commission filing.

The bulk of Solomon's remuneration came in the form of restricted stock units and stock options with an estimated value of $3.5 million on the day they were granted last year.

The Associated Press' calculations of total pay include executives' salary, bonus, incentives, perks, and the estimated value of stock options and awards granted during the year. The calculations do not include changes in the present value of pension benefits.

Forest's fiscal year ended March 31.

Shares of New York-based Forest rose 57 cents to $45.80 in afternoon trading.

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