AGENUS INC — Director's Dealing 2011

Jan 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGENUS INC (agen)
CIK: 0001098972
Period of Report: 2011-01-18

Reporting Person: Valentine Karen (Vp and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-20	Common Stock	A	19865	$0.94	Acquired	76356	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-18	Restricted Stock	$	A	19865	Acquired		Common Stock (19865)	Direct

Footnotes

F1: Represents settlement of restricted stock granted on January 18, 2011 partly in lieu of an annual cash bonus for 2010 performance.

F2: Restricted stock granted on January 18, 2011 in accordance with the Agenus Inc. Equity Incentive Plan partly in lieu of an annual cash bonus.