DELCATH SYSTEMS, INC. — Director's Dealing 2011

May 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DELCATH SYSTEMS INC (DCTH)
CIK: 0000872912
Period of Report: 2011-05-02

Reporting Person: MAPES HAROLD (Exec. V. P., Global Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-02	Common Stock	A	8000	—	Acquired	8000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-02	Stock Option (right to buy)	$6.74	A	40000	Acquired	2021-05-02	Common Stock (40000)	Direct

Footnotes

F1: Shares of restricted stock which will vest ratably on May 2, 2012, 2013, and 2014, subject to forfeiture in the event of certain circumstances and acceleration upon certain events.

F2: The option vest ratably on May 2, 2012, 2013, and 2014, subject to forfeiture in the event of certain circumstances and acceleration upon certain events.