AGENUS INC — Director's Dealing 2016

May 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGENUS INC (AGEN)
CIK: 0001098972
Period of Report: 2016-05-05

Reporting Person: ARMEN GARO H (Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-05	Common Stock	P	50000	$3.0792	Acquired	1346026	Direct
2016-05-09	Common Stock	P	50000	$3.2787	Acquired	1396026	Direct

Footnotes

F1: This Form 4 reports the purchase, by Dr. Armen, of 100,000 shares of Agenus Inc. common stock. Of the 100,000 shares purchased by Dr. Armen and reported herein, 19,576 shares were matchable under Section 16(b) of the Securities Exchange Act of 1934 with Dr. Armen's sale of an equivalent number of shares of Agenus common stock at a weighted average price of $4.5715 per share on December 29, 2015. Dr. Armen has paid to Agenus, as of May 9, 2016, $27,714.24, representing the full amount of the profit realized in connection with the short-swing transaction.