DYNAVAX TECHNOLOGIES CORP — Director's Dealing 2011

Jan 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DYNAVAX TECHNOLOGIES CORP (DVAX)
CIK: 0001029142
Period of Report: 2011-01-06

Reporting Person: MARTIN J TYLER (Director, President, CMO & Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-06	Option (Right to Buy)	$3.14	A	550000	Acquired	2021-01-05	Common Stock (550000)	Direct

Footnotes

F1: This option grant vests at the rate of 1/3rd of the shares on the first anniversary of the vesting commencement date, with 1/36th of the total number of shares vesting each month thereafter, subject to continued service with the Company through each applicable vesting date.

F2: Not applicable.