Dare Bioscience, Inc. — Director's Dealing 2016

Jan 19, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Cerulean Pharma Inc. (CERU)
CIK: 0001401914
Period of Report: 2016-01-14

Reporting Person: WALT DAVID R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-14	Common Stock	P	4400	$2.6427	Acquired	67031	Direct
2016-01-15	Common Stock	P	4172	$2.4169	Acquired	71203	Direct

Footnotes

F1: These purchases were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 4, 2015.

F2: Represents the weighted average purchase price for shares purchased in multiple transactions. Purchase prices ranged from $2.60 to $2.70 per share. Upon request of the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares purchased at each separate price.

F3: Represents the weighted average purchase price for shares purchased in multiple transactions. Purchase prices ranged from $2.33 to $2.51 per share. Upon request of the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares purchased at each separate price.