SOLIGENIX, INC. — Director's Dealing 2014

May 19, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOLIGENIX, INC. (SNGX)
CIK: 0000812796
Period of Report: 2014-05-19

Reporting Person: Warusz Joseph Michael (VP of Admin, Controller / PAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-19	Common Stock	M	4690	$0.64	Acquired	4690	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-19	Option (Right to Buy)	$0.64	M	4690	Disposed	2021-11-30	Common Stock (30000)	Direct

Footnotes

F1: The option has vested as to 24,375 as of the date of this report, and vests as to the remainder of the shares on each of June 1, 2014, September 1, 2014 and December 1, 2014 at a rate of 1,875 shares. The exercise price of the option equals $0.64 per share, the market price of the Company's common stock as of the close of business on the date of grant. The shares numbers and prices have been adjusted for the reverse stock split of the Issuer's common stock at a ratio of 1-for-20 effective February 1, 2012.