SOLIGENIX, INC. — Director's Dealing 2010

Aug 20, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SOLIGENIX, INC. (SNGX)
CIK: 0000812796
Period of Report: 2010-08-16

Reporting Person: BAM Management LLC (10% Owner)
Reporting Person: Berman Ross (10% Owner)
Reporting Person: Mintz Hal (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21606092	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrants	$.278	2014-09-27	Common Stock (3952569)		Indirect

Footnotes

F1: The reported securities are held by investment funds for which BAM Management, LLC serves as investment manager. Mr. Hal Mintz and Mr. Ross Berman serve as managing members of BAM Management, LLC. In their respective capacities, each of BAM Management, LLC, Mr. Hal Mintz and Mr. Ross Berman may be deemed to beneficially own the reported securities.

F2: Each of the reporting persons disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3: An investment fund for which BAM Management, LLC serves as investment manager holds warrants to purchase up to 3,953,569 shares of Common Stock of Soligenix, Inc. (the "Issuer"), which are subject to a contractual provision limiting the ability to exercise such warrants to the extent that the investment fund and its affiliates would, as a result of such exercise, beneficially own in excess of 4.999% of the Issuer's Common Stock. Accordingly those warrants are currently not exercisable.