REDDINGTON JOHN J 4

4 · VALENTIS INC · Filed Jul 5, 2005

Form 4

Period: 2005-07-01

Chief Operating Officer

Transactions

Award
Common Stock
2005-07-01+29,507→ 39,827 total
Award
Incentive Stock Option (right to buy)
2005-07-01+16,334→ 16,334 total
Exercise: $2.80Exp: 2015-07-01→ Common Stock (16,334 underlying)
Award
Non-Qualified Stock Option (right to buy)
2005-07-01+65,666→ 65,666 total
Exercise: $2.80Exp: 2015-07-01→ Common Stock (65,666 underlying)

Footnotes (5)

[F1]Stock bonus award that is subject to forfeiture in the event of termination of the officer's status as an employee, director or consultant.
[F2]The stock award was granted for no consideration other than service as an employee.
[F3](a) 4,375 shares subject to this option shall vest over twelve monthly installments after December 1, 2007, and (b) 11,959 shares subject to this option shall vest over seven monthly installmentsafter December 1, 2008.
[F4]The option was issued for no consideration other than service as an employee.
[F5](a) 20,500 shares subject to this option shall vest on July 1, 2006; the one-year anniversary of the date of the grant. (b) 8,541 shares subject to this option shall vest over five monthly installments after July 1, 2006, and (c) 20,500 shares subject to this option shall vest over twelve monthly installments after December 1, 2006, and (d) 16,125 shares subject to this option shall vest over twelve monthly installmentsafter December 1, 2007.

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