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Imunon, Inc. Director's Dealing 2010

Jan 8, 2010

35124_dirs_2010-01-08_f46030d6-93e2-466d-b3d4-20256f8184b7.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Celsion CORP (clsn)
CIK: 0000749647
Period of Report: 2010-01-06

Reporting Person: Tumminello Timothy J (Interim Chief Accnt Officer)

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Incentive Stock Option $3.39 2019-04-13 Celsion Corporation Common Stock (10000) Direct
Restricted Stock Agreement $0 Celsion Corporation Common Stock (2100) Direct
Stock Option $ Celsion Corporation Common Stock (5000) Direct

Footnotes

F1: Vesting 2,500 each on April 13, 2010, 2011, 2012 and 2013.

F2: Vesting 700 each on April 13, 2010, 2011 and 2012. Shares of Celsion Common Stock are issued on each Vesting Date.

F3: On January 6, 2010, 5,000 options were granted subject to ratification by Celsion Corporation's Board of Directors at an exercise price to be determined on that date and vesting one third on each of the first, second and third anniversaries of employment.