OMEROS CORP — Director's Dealing 2009

Oct 13, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OMEROS CORP (OMER)
CIK: 0001285819
Period of Report: 2009-10-13

Reporting Person: Cable Thomas J. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-10-13	Common Stock	C	12756	—	Acquired	32072	Direct
2009-10-13	Common Stock	C	14578	—	Acquired	46650	Direct
2009-10-13	Common Stock	C	19253	—	Acquired	65903	Direct
2009-10-13	Common Stock	C	10205	—	Acquired	76108	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-10-13	Series A Preferred Stock	$	C	12756	Disposed		Common Stock (12756)	Direct
2009-10-13	Series B Preferred Stock	$	C	14578	Disposed		Common Stock (14578)	Direct
2009-10-13	Series C Preferred Stock	$	C	19253	Disposed		Common Stock (19253)	Direct
2009-10-13	Series E Preferred Stock	$	C	10205	Disposed		Common Stock (10205)	Direct

Footnotes

F1: Each share of preferred stock converted into Omeros Corporation common stock on a 1-for-1 basis on October 13, 2009, and had no expiration date.