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 Peter A MD (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	42277.00	Direct
Common Stock	164382.00	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Preferred Stock	$		Common Stock (51021)		Direct
Series E Preferred Stock	$		Common Stock (6123)		Direct

Footnotes

F1: The reporting person is the trustee and a holds a remainder interest thereinin. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

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 E Preferred Stock is convertible into one share of common stock.