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: Kelbon Marcia S. (VP, Patent & Gen Cnsl, Sec.)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	107147.00	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$0.98	2016-12-12	Common Stock (193877)		Direct
Employee Stock Option (right to buy)	$2.45	2017-12-30	Common Stock (5102)		Direct

Footnotes

F1: The option is exercisable in 48 equal monthly installments. The first installment became exercisable on November 1, 2005 and subsequent installments become exercisable on each monthly anniversary thereafter.

F2: The option became exercisable as to 1,275 shares on December 30, 2008, and thereafter becomes exercisable each monthly anniversary thereafter at the rate of 1/48 of the total shares.