DELCATH SYSTEMS, INC. — Director's Dealing 2011

Sep 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELCATH SYSTEMS INC (DCTH)
CIK: 0000872912
Period of Report: 2011-09-26

Reporting Person: Miao Graham G (Exec. V.P., CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-26	Common Stock	A	25000	—	Acquired	25000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-26	Stock Option (right to buy)	$3.69	A	100000	Acquired	2021-09-26	Common Stock (100000)	Direct

Footnotes

F1: The restricted stock vests on September 26, 2012, subject to forfeiture in the event of certain circumstances and acceleration upon certain events

F2: The option vest ratably on September 26, 2012, 2013, and 2014, subject to forfeiture in the event of certain circumstances and acceleration upon certain events.