DYNAVAX TECHNOLOGIES CORP — Director's Dealing 2012

Mar 12, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DYNAVAX TECHNOLOGIES CORP (DVAX)
CIK: 0001029142
Period of Report: 2012-03-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-08	Common shares	A	75000	$0.58	Acquired	75000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-13	Option (Right to Buy)	$0.58	M	75000	Disposed	2019-02-26	Common Stock (75000)	Direct
2012-03-09	Restricted Stock Units	$4.22	A	150000	Disposed	2022-03-08	Common Stock (150000)	Direct

Footnotes

F1: Not applicable.

F2: On March 8, 2012, Dr. Martin exercised certain of his outstanding options for cash. No shares were sold in the market in connection with this exercise.

F3: These restricted stock units shall vest upon achievement of certain performance conditions, as described in the Current Report on Form 8-K, filed with the Securities and Exchange Commission on March 12, 2012.