• Ralph Cioffi, the former Bear Stearns hedge fund manager who will stand trial this fall for securities fraud and conspiracy in connection with the collapse of the fund, has gone into contract to sell his 7,000-square-foot home in Southampton. The estate had been listed most recently for $11.875 million. Given Cioffi's desperate circumstances, it's expected that the final price will be below the $10.7 million that Cioffi paid for the home in 2007. [WSJ, Sotheby's]
• The couple who paid $9 million for hedge fund manager James Torrey's East 66th Street duplex in April, former Merrill Lynch exec John Heimann and his wife Maria-Cristina Anzola, have sold their old apartment at 141 East 72nd Street. The four-bedroom co-op was purchased by Ada Zambetti, the widow of Stella D'Oro CEO Felice Zambetti, for $5.625 million. [Cityfile]
• Billionaire pharmaceutical mogul Michael Jaharis has paid $6.7 million for a 3,335-square-foot apartment at 1049 Fifth Avenue. [NYO]

Will Ferrell turns 42 today. Actress Phoebe Cates is turning 46. Playwright Tony Kushner is 53. Violinist Pinchas Zuckerman is 61. Stewart Copeland, the drummer from The Police, is turning 57. Former U.S. attorney general Dick Thornburgh is 77. Doug Herzog, the TV executive who oversees Comedy Central and Spike, turns 50. WABC weatherman Bill Evans is turning 49. Author Michael Gross is 57. Pharmaceutical mogul Michael Jaharis turns 81. François Payard is 43. 90210's AnnaLynne McCord is 22. Former teen star Corey Feldman turns 38. And Ugly Betty's Mark Indelicato celebrates his 15th birthday today.

Phoebe Cates, who made memorable appearances in Fast Times at Ridgemont High and Gremlins and later settled down with Kevin Kline and opened a boutique on Madison Ave., turns 45 today. Cheerful WABC weatherman Bill Evans turns 48. Author Michael Gross is 56. Former teen star Corey Feldman is 37. Will Ferrell is 41. Angels in America playwright Tony Kushner turns 52. And pharma billionaire Michael Jaharis is 80.

Michael Jaharis is the founder and chairman emeritus of Kos Pharmaceuticals, a major collector of Greek art, and a longtime donor to the Metropolitan Museum.