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ACHIEVE LIFE SCIENCES, INC. Director's Dealing 2012

May 10, 2012

33882_dirs_2012-05-10_0913bb65-d1bc-4d66-8e36-089f43c68970.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONCOGENEX PHARMACEUTICALS, INC. (OGXI)
CIK: 0000949858
Period of Report: 2012-05-08

Reporting Person: Cormack Scott Daniel (Director, President and CEO)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-05-08 Stock Option (right to buy) $13.00 A 37500 Acquired 2022-05-08 Common (37500) Direct
2012-05-08 Restricted Stock Units $ A 18750 Acquired 2016-01-31 Common (18750) Direct
2012-05-08 Restricted Stock Units $ A 25000 Acquired 2014-04-30 Common (25000) Direct

Footnotes

F1: The options vest in monthly installments over 48 months commencing January 1, 2012.

F2: Each restricted stock unit represents a contingent right to receive one share of the issuer's Common stock.

F3: The restricted stock units vest 25% annually on the later of: (i) each anniversary of January 1, 2012; and (ii) the first day thereafter during which the issuer's trading window is open.

F4: The restricted stock units vest 100% on the later of (i) achievement of both the successful enrollment and release of data from certain clinical trials, and (ii) the first trading day thereafter on which the issuer's trading window is open.