DYNAVAX TECHNOLOGIES CORP — Director's Dealing 2016

Feb 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DYNAVAX TECHNOLOGIES CORP (DVAX)
CIK: 0001029142
Period of Report: 2016-02-04

Reporting Person: Novack David F (Senior Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-04	Restricted Stock Unit	$	A	16000	Acquired	2026-02-03	Common Stock (16000)	Direct
2016-02-04	Option (Right to Buy)	$21.99	A	64000	Acquired	2023-02-03	Common Stock (64000)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of common stock.

F2: These restricted stock units shall vest upon achievement of certain performance conditions.

F3: Not applicable.

F4: This option grant will vest over three (3) years with one third (1/3) of the shares subject to the option vesting twelve months after the grant date,
and one thirty-sixth (1/36) of the shares subject to the option vesting on the last day of each month thereafter, providing further that the options
are subject to approval by our stockholders of an increase in the number of shares available under the 2011 Equity Incentive Plan.