MICROVISION, INC. — Director's Dealing 2004

Jul 29, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LUMERA CORP (LMRA)
CIK: 0001137399
Period of Report: 2004-07-28

Reporting Person: MICROVISION INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-28	Common Stock	C	300002	—	Acquired	300002	Direct
2004-07-28	Common Stock	C	433775	—	Acquired	733777	Direct
2004-07-28	Common Stock	C	4700000	—	Acquired	5433777	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-28	Series A Preferred Stock	$	C	264000	Disposed		Common Stock (300002)	Direct
2004-07-28	Series B Preferred Stock	$	C	433775	Disposed		Common Stock (433775)	Direct
2004-07-28	Class B Common Stock	$	C	4700000	Disposed		Common Stock (4700000)	Direct
2004-07-28	Series A Warrant (Right to Buy)	$10.00	J	150000	Disposed	2011-03-14	Series A Preferred Stock (150000)	Direct
2004-07-28	Common Stock Warrant (Right to Buy)	$10.00	J	170456	Acquired	2011-03-14	Common Stock (170456)	Direct

Footnotes

F1: Each share of Series A Preferred Stock was convertible into (10/8.79994) shares of Common Stock and automatically converted into such amount of Common Stock upon the closing of the Issuer's Initial Public Offering, for no additional consideration.

F2: Each share of Series B Preferred Stock and Class B Common Stock was convertible into 1 share of Common Stock and automatically converted into such amount of Common Stock upon the closing of the Issuer's Initial Public Offering, for no additional consideration.

F3: The Series A Warrant was immediately exerciseable. Upon the closing of the Issuer's Initial Public Offering, the Series A Warrant was not exercised but automatically converted into a Common Stock Warrant for no additional consideration. Because each share of Series A Preferred Stock was convertible into (10/8.79994) shares of Common Stock at the time of the closing, the number of shares of Common Stock underlying the Common Stock Warrant was determined by multiplying the number of shares of Series A Preferred Stock underlying the Series A Warrant by (10/8.79994). The Common Stock Warrant is immediately exerciseable.