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Celldex Therapeutics, Inc. Director's Dealing 2008

Mar 11, 2008

31801_dirs_2008-03-11_877fa823-2ebb-478a-82ce-8a25e7cf87f9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVANT IMMUNOTHERAPEUTICS INC (AVAN)
CIK: 0000744218
Period of Report: 2008-03-07

Reporting Person: PENNER HARRY JR (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-03-07 Non-Qualified Stock Option $47.25 M 416 Acquired 2008-05-12 Common Stock (416) Direct
2008-03-07 Non-Qualified Stock Option $8.16 A 17728 Acquired 2015-03-07 Common Stock (17728) Direct

Footnotes

F1: The option was previously reported as covering 5,000 shares at an exercise price of $3.9375 per share, but was adjusted to reflect the one-for-twelve reverse stock split that occurred on March 7, 2008.

F2: This option was granted for 212,739 shares at an exercise price of $0.68 per share, but was adjusted to reflect the one-for-twelve reverse stock split that occurred on March 7, 2008.

F3: 95,000 options granted under the AVANT 1999 Stock option and Incentive plan were cancelled according to their terms for no consideration on March 7, 2008.