Pulmatrix, Inc. — Director's Dealing 2014

May 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ruthigen, Inc. (RTGN)
CIK: 0001574235
Period of Report: 2014-05-11

Reporting Person: French Gregory M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-11	Common Stock	A	58000	—	Acquired	58000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-12	Stock Option (right to buy)	$6.37	A	10000	Acquired	2024-05-12	Common Stock (10000)	Direct

Footnotes

F1: Grant of restricted stock units which vest at a rate of 8.34% per quarter for a three-year period beginning on May 11, 2014. The issuance of the shares of common stock will be further deferred to specified dates in accordance with Section 409A of the Internal Revenue Code.

F2: The option vests at a rate of 8.34% per quarter for a three-year period beginning on May 12, 2014.