AMGEN INC — Director's Dealing 2012

Jan 31, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMGEN INC (AMGN)
CIK: 0000318154
Period of Report: 2012-01-27

Reporting Person: SHARER KEVIN W (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-27	Common Stock	M	225000	$58.61	Acquired	346875	Direct
2012-01-27	Common Stock	M	192000	$42.13	Acquired	538875	Direct
2012-01-27	Common Stock	M	128000	$50.44	Acquired	666875	Direct
2012-01-27	Common Stock	G	545000	—	Disposed	121875	Direct
2012-01-27	Common Stock	G	545000	—	Acquired	717222	Indirect
2012-01-27	Common Stock	S	540808	$68.5858	Disposed	176414	Indirect
2012-01-27	Common Stock	S	4192	$68.1081	Disposed	172222	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-27	Nqso (Right to Buy)	$58.61	M	225000	Disposed	2012-03-15	Common Stock (225000)	Direct
2012-01-27	Nqso (Right to Buy)	$42.13	M	192000	Disposed	2015-04-29	Common Stock (192000)	Direct
2012-01-27	Nqso (Right to Buy)	$50.44	M	128000	Disposed	2016-04-28	Common Stock (128000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4368.861	Indirect

Footnotes

F1: These shares are being transferred to the reporting person's Living Trust.

F2: These shares include the following Restricted Stock Units (RSUs) granted under the Company's equity plans: 9,250 RSUs which fully vest on 4/29/2012; 18,500 RSUs which vest in two equal annual installments of 9,250 each commencing 4/28/2012; 34,125 RSUs which vest in three equal annual installments of 11,375 each commencing 4/26/2012; and 60,000 RSUs which vest in two equal installments of 19,800 each on 4/25/2013 and 4/25/2014 and one installment of 20,400 on 4/25/2015. Vested RSUs are paid in shares of the Company's Common Stock on a one-to-one basis.

F3: The price reported is an average price. The prices ranged from $68.16 to $69.16 per share. Full information regarding the number of shares sold at each separate price within the range set forth above is available upon request by the SEC staff, the issuer or a security holder of the issuer.

F4: The price reported is an average price. The prices ranged from $68.04 to $68.15 per share. Full information regarding the number of shares sold at each separate price within the range set forth above is available upon request by the SEC staff, the issuer or a security holder of the issuer.

F5: These are shares acquired under the Company's 401(k) Plan and represent interests in the Company's stock fund as of this filing.