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NEKTAR THERAPEUTICS Director's Dealing 2010

Feb 3, 2010

32134_dirs_2010-02-03_a1511d59-a746-48b0-b681-c96a151317c4.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEKTAR THERAPEUTICS (NKTR)
CIK: 0000906709
Period of Report: 2010-02-01

Reporting Person: GREER R SCOTT (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-02-01 Stock Option $11.34 A 22500 Acquired 2018-02-01 Common Stock (22500) Direct
2010-02-01 Stock Option $11.34 A 10000 Acquired 2018-02-01 Common Stock (10000) Direct
2010-02-01 Restricted Stock Unit $0.01 A 7500 Acquired Common Stock (7500) Direct
2010-02-01 Restricted Stock Unit $0.01 A 3333 Acquired Common Stock (3333) Direct

Footnotes

F1: The shares subject to this stock option vest on a monthly pro-rata basis over a period of three (3) years commencing on February 1, 2010 (Mr. Greer's date of appointment to the Board of Directors) and ending on February 1, 2013.

F2: The shares subject to this stock option vest on a monthly pro-rata basis over a period of eight (8) months commencing on February 1, 2010 and ending on September 30, 2010.

F3: The shares subject to this restricted stock unit vest on a monthly pro-rata basis over a period of three (3) years commencing on February 1, 2010 and ending on February 1, 2013.

F4: Not applicable.

F5: The shares subject to this restricted stock unit vest on a monthly pro-rata basis over a period of eight (8) months commencing on February 1, 2010 and ending on September 30, 2010.