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SELLAS Life Sciences Group, Inc. Director's Dealing 2014

Jan 30, 2014

33651_dirs_2014-01-29_9bf43170-bf9e-4aa1-a0e2-ab8e8dbdc4ad.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Galena Biopharma, Inc. (GALE)
CIK: 0001390478
Period of Report: 2014-01-27

Reporting Person: Ahn Mark J (Director, President & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-01-27 Common Stock M 50000 $2.31 Acquired 163764 Direct
2014-01-27 Common Stock M 100000 $1.38 Acquired 263764 Direct
2014-01-27 Common Stock M 324890 $1.38 Acquired 588654 Direct
2014-01-27 Common Stock M 200000 $0.72 Acquired 788654 Direct
2014-01-27 Common Stock M 121875 $1.71 Acquired 918529 Direct
2014-01-27 Common Stock S 796765 $4.83 Disposed 113764 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-01-27 Stock Option $2.31 M 50000 Disposed 2021-01-13 Common Stock (50000) Direct
2014-01-27 Stock Option $1.38 M 100000 Disposed 2021-03-30 Common Stock (100000) Direct
2014-01-27 Stock Option $1.38 M 324890 Disposed 2021-03-30 Common Stock (324890) Direct
2014-01-27 Stock Option $0.72 M 200000 Disposed 2022-01-12 Common Stock (200000) Direct
2014-01-27 Stock Option $1.71 M 121875 Disposed 2023-01-29 Common Stock (121875) Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.82 to $5.09 per share. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F2: The option vests on a quarterly basis over four years, commencing on the last day of the quarter after the date of grant (1/13/11).

F3: The option vests on a quarterly basis over four years, commencing on the last day of the quarter after the date of grant (3/31/11).

F4: The option vests on a quarterly basis over four years, commencing on the last day of the quarter after the date of grant (1/12/12).

F5: The option vests on a quarterly basis over four years, commencing on the last day of the quarter after the date of grant (1/29/13).