XOMA Royalty Corp — Director's Dealing 2012

Mar 8, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: XOMA Corp (XOMA)
CIK: 0000791908
Period of Report: 2012-03-06

Reporting Person: 14159 capital (GP), LLC (10% Owner)
Reporting Person: BAKER FELIX (10% Owner)
Reporting Person: BAKER JULIAN (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	360231	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Warrant (right to buy)	$1.76		Common Stock (174738)		Indirect

Footnotes

F1: In addition to 14159 Capital (GP), LLC, this Form 3 is being filed jointly by Julian C. Baker and Felix J. Baker each of whom has the same business address as 14159 Capital (GP), LLC and may be deemed to have a pecuniary interest in securities owned by it. Because of certain relationships with other security holders of the Issuer, the Reporting Persons are filing solely for informational purposes as if they were a member of a group of such shareholders. (Continued in footnote 2).

F2: However, the Reporting Persons disclaim that they and any other person or persons, in fact constitute a "group" for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, or Rule 13d-5 thereunder or that they are the beneficial owners of securities owned by any such other persons, and each of them disclaims beneficial ownership of securities reported herein except to the extent of their pecuniary interest, if any, therein.

F3: Represents securities owned directly by 14159, L.P., the sole general partner of which is 14159 Capital, L.P., a limited partnership the sole general partner of which is 14159 Capital (GP),LLC. Julian C. Baker and Felix J. Baker are controlling members of 14159 Capital (GP), LLC.

F4: Exercisable immediately

F5: Expiration date is 5 years from the date of Issuance

F6: Represents 349,475 warrant shares each of which is exercisable for .5 shares of the Issuers common stock at an exercise price of $1.76 per share.