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TALPHERA, INC. Director's Dealing 2011

Aug 31, 2011

35181_dirs_2011-08-31_14454ce7-7c2a-4f7f-aa39-35d3eea097d6.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACELRX PHARMACEUTICALS INC (ACRX)
CIK: 0001427925
Period of Report: 2011-08-29

Reporting Person: SCHRECK THOMAS A (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-08-29 Common Stock P 500 $3.2682 Acquired 300951 Direct
2011-08-29 Common Stock P 500 $3.28 Acquired 17982 Indirect

Footnotes

F1: The shares are held in trust for Mr. Schreck's children. Mr. Schreck disclaims beneficial ownership of the shares.