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: Demopulos Gregory A MD (Director, See General Remarks, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1475280.00	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$0.52	2011-12-10	Common Stock (1542)		Direct
Employee Stock Option (right to buy)	$0.98	2016-12-12	Common Stock (612244)		Direct
Employee Stock Option (right to buy)	$0.98	2016-12-12	Common Stock (408163)		Direct
Employee Stock Options (right to buy)	$2.45	2017-12-30	Common Stock (102040)		Direct

Footnotes

F1: The option, representing the right to purchase a total of 47,511 shares, became fully exercisable on December 11, 2001, the date of grant.

F2: The option is exercisable in 48 equal monthly installments. The first installment became exercisable on March 28, 2005 and subsequent installments became exercisable on each monthly anniversary thereafter.

F3: The option became exercisable as to 25,510 shares on December 30, 2008, and thereafter becomes exercisable each monthly anniversary thereafter at the rate of 1/48 of the total shares.