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HERON THERAPEUTICS, INC. /DE/ Director's Dealing 2012

Jul 28, 2012

33572_dirs_2012-07-27_6fea5a7b-2aee-4e92-935f-58077bf6b8e5.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AP PHARMA INC /DE/ (APPA)
CIK: 0000818033
Period of Report: 2012-07-25

Reporting Person: TANG KEVIN C (Director, 10% Owner)
Reporting Person: TANG CAPITAL MANAGEMENT LLC (Director, 10% Owner)
Reporting Person: TANG CAPITAL PARTNERS LP (Director, 10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-07-25 Common Stock A 9523810 $0.525 Acquired 69960316 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 286950 Indirect
Common Stock 138841 Direct

Footnotes

F1: The securities are held by Tang Capital Partners, LP. Kevin C. Tang is the sole manager of Tang Capital Management, LLC, which is the general partner of Tang Capital Partners, LP. Mr. Tang disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.

F2: The securities are held by Kevin C. Tang as custodian for his minor children, as Trustee of the Tang Family Trust, and as Trustee of the Tang Advisors, LLC Profit Sharing Plan.

F3: 42,950 of these securities are held by Kevin C. Tang's IRA.