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: Aspiri Ray (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-10-13	Common Stock	C	53572	—	Acquired	80542	Indirect
2009-10-13	Common Stock	C	30613	—	Acquired	111155	Indirect
2009-10-13	Common Stock	C	20409	—	Acquired	131564	Indirect
2009-10-13	Common Stock	C	5103	—	Acquired	136667	Indirect
2009-10-13	Common Stock	C	10205	—	Acquired	146872	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-10-13	Series A Preferred Stock	$	C	53572	Disposed		Common Stock (53572)	Indirect
2009-10-13	Series B Preferred Stock	$	C	30613	Disposed		Common Stock (30613)	Indirect
2009-10-13	Series C Preferred Stock	$	C	20409	Disposed		Common Stock (20409)	Indirect
2009-10-13	Series D Preferred Stock	$	C	5103	Disposed		Common Stock (5103)	Indirect
2009-10-13	Series E Preferred Stock	$	C	10205	Disposed		Common Stock (10205)	Indirect

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.

F2: The reporting person is the managing partner and a member of Aspiri Enterprises LLC, the owner of the securities.