NEKTAR THERAPEUTICS — Director's Dealing 2015

Dec 7, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEKTAR THERAPEUTICS (NKTR)
CIK: 0000906709
Period of Report: 2015-12-03

Reporting Person: ROBIN HOWARD W (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-03	Common Stock	M	58334	$6.98	Acquired	68334	Direct
2015-12-03	Common Stock	M	66667	$6.46	Acquired	135001	Direct
2015-12-03	Common Stock	S	125001	$15.87	Disposed	10000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-03	Stock Option	$6.98	M	58334	Disposed	2015-12-20	Common Stock (58334)	Direct
2015-12-03	Stock Option	$6.46	M	66667	Disposed	2016-02-24	Common Stock (66667)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	410	Indirect

Footnotes

F1: This transaction was made pursuant to a Rule 10b5-1 trading plan for stock options scheduled to expire in 2015 and early 2016 as described in the Current Report on Form 8-K filed by Nektar Therapeutics on July 16, 2015.

F2: This transaction was executed in multiple trades at prices ranging from $15.29 to $16.03. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and the prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.