Innoviva, Inc. — Director's Dealing 2016

May 21, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Innoviva, Inc. (INVA)
CIK: 0001080014
Period of Report: 2016-05-18

Reporting Person: Tyree James L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-18	Common Stock	S	813	$10.47	Disposed	50697	Direct

Footnotes

F1: This is a sale pursuant to the Reporting Person's 10b5-1 Trading Plan dated April 2, 2015.

F2: The Form 4 filed on April 27, 2016 by the Reporting Person incorrectly stated that the number of shares owned following the reported transaction was 53,948. The correct number of shares owned following the reported transaction was 51,510.