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Armata Pharmaceuticals, Inc. Director's Dealing 2006

Nov 9, 2006

34152_dirs_2006-11-09_ea441976-33cd-471d-87fc-6000b457b37f.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGETED GENETICS CORP /WA/ (TGEN)
CIK: 0000921114
Period of Report: 2006-11-07

Reporting Person: BIOGEN IDEC INC (10% Owner)
Reporting Person: BIOGEN IDEC MA INC (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-11-07 Common Stock, $0.01 Par Value A 1000000 Acquired 2170409.5 Indirect

Footnotes

F1: Acquired in consideration for the forgiveness of $5.65 million in indebtedness from issuer to Biogen Idec MA Inc. The per share closing price of the issuer's common stock on November 7, 2006 was $2.90.

F2: On May 11, 2006, the common stock of issuer reverse split 1 for 10, resulting in the reporting person's ownership of common stock decreasing by 10,533,682.50 shares.

F3: Shares are owned indirectly by Biogen Idec Inc. and directly by its wholly-owned subsidiary Biogen Idec MA Inc., f/k/a Biogen, Inc.