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: Cable Thomas J. (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19316.00	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Preferred Stock	$		Common Stock (12756)		Direct
Series B Preferred Stock	$		Common Stock (14578)		Direct
Series C Preferred Stock	$		Common Stock (19253)		Direct
Series E Preferred Stock	$		Common Stock (10205)		Direct
Stock Option (right to buy)	$0.52	2010-09-25	Common Stock (7653)		Direct
Stock Option (right to buy)	$0.98	2016-12-12	Common Stock (15306)		Direct

Footnotes

F1: 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.

F2: Each share of Series A Preferred Stock is convertible into one share of common stock.

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

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

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

F6: The option became fully exercisable on September 26, 2000, the date of grant.

F7: The option became fully exercisable on December 12, 2006, the date of grant.