OMEROS CORP — Director's Dealing 2009

Oct 8, 2009

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: OMEROS CORP (OMER)
CIK: 0001285819
Period of Report: 2009-10-07

Reporting Person: Aspiri Ray (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	26970.00	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Preferred Stock	$		Common Stock (53572)		Indirect
Series B Preferred Stock	$		Common Stock (30613)		Indirect
Series C Preferred Stock	$		Common Stock (20409)		Indirect
Series D Preferred Stock	$		Common Stock (5103)		Indirect
Series E Preferred Stock	$		Common Stock (10205)		Indirect
Stock Option (right to buy)	$0.98	2016-12-12	Common Stock (15306)		Direct

Footnotes

F1: The reporting person is the managing partner and a member of Aspiri Enterprises LLC, the owner of the securities.

F2: These securities are preferred stock of Omeros Corporation and do not have an expiration date. These securities will automatically convert into shares of common stock upon the consummation of Omeros Corporation's initial public offering.

F3: Each share of Series A Preferred Stock is convertible into one share of common stock.

F4: Each share of Series B Preferred Stock is convertible into one share of common stock.

F5: Each share of Series C Preferred Stock is convertible into one share of common stock.

F6: Each share of Series D Preferred Stock is convertible into one share of common stock.

F7: Each share of Series E Preferred Stock is convertible into one share of common stock.

F8: The option became fully exercisable on December 12, 2006, the date of grant.