CURIS INC — Director's Dealing 2007

Jun 8, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CURIS INC (CRIS)
CIK: 0001108205
Period of Report: 2007-06-06

Reporting Person: Qian Changgeng (VP, Research & Preclinical Dev)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5014	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Qualified stock option (right to buy)	$4.72	2011-07-02	Common stock (20000)		Direct
Qualified stock option (right to buy)	$1.50	2012-06-05	Common stock (10125)		Direct
Qualified stock option (right to buy)	$1.09	2012-09-25	Common stock (9375)		Direct
Qualified stock option (right to buy)	$2.43	2013-05-13	Common stock (35000)		Direct
Qualified stock option (right to buy)	$4.56	2014-06-25	Common stock (24000)		Direct
Qualified stock option (right to buy)	$3.98	2015-06-01	Common stock (24000)		Direct
Qualified stock option (right to buy)	$4.03	2016-01-10	Common stock (15136)		Direct
Qualified stock option (right to buy)	$1.57	2016-05-31	Common stock (20000)		Direct
Qualified stock option (right to buy)	$1.57	2016-09-13	Common stock (53253)		Direct
Non-qualified stock option (right to buy)	$4.03	2016-01-10	Common stock (864)		Direct
Non-qualified stock option (right to buy)	$1.57	2016-05-31	Common stock (20000)		Direct
Non-qualified stock option (right to buy)	$1.57	2016-09-13	Common stock (46747)		Direct
Qualified stock option (right to buy)	$1.50	2012-06-05	Common stock (10000)		Direct

Footnotes

F1: Options are fully vested and exercisable.

F2: All options will vest two years from the grant date, or May 31, 2008.

F3: All options will vest on November 6, 2007.

F4: Options will vest over a period of four years with 25% of the stock options vesting the first anniversary of the grant date, or September 13, 2007, and an additional 6.25% of the shares during each successive three-month period thereafter until the option is fully vested on the fourth anniversary of the grant date, or September 13, 2010, subject to continued employment, with non-qualified options vesting first. All stock options will expire 10 years from date of grant and the grant date for each option is 10 years prior to the expiration date. None of these options were vested as of June 6, 2007.

F5: Options vest over a period of four years with 25% of the stock options vesting the first anniversary of the grant date, or January 10, 2007, and an additional 6.25% of the shares during each successive three-month period thereafter until the option is fully vested on the fourth anniversary of the grant date, or January 10, 2010, subject to continued employment. All stock options will expire 10 years from date of grant and the grant date for each option is 10 years prior to the expiration date. 10,754 of the qualified options and 247 of the non-qualified options remain unvested as of June 6, 2007.

F6: Options vest over a period of four years with 25% of the stock options vesting the first anniversary of the grant date, or June 25, 2005, and an additional 6.25% of the shares during each successive three-month period thereafter until the option is fully vested on the fourth anniversary of the grant date, or June 25, 2008, subject to continued employment. All stock options will expire 10 years from date of grant and the grant date for each option is 10 years prior to the expiration date. 7,500 options remain unvested at June 6, 2007.

F7: Options vest over a period of four years with 25% of the stock options vesting the first anniversary of the grant date, or June 1, 2006, and an additional 6.25% of the shares during each successive three-month period thereafter until the option is fully vested on the fourth anniversary of the grant date, or June 1, 2009, subject to continued employment. All stock options will expire 10 years from date of grant and the grant date for each option is 10 years prior to the expiration date. 12,000 options remain unvested at June 6, 2007.

F8: Shares owned were purchased under the 2000 Employee Stock Purchase Plan.