SEC Filing | Cassava Sciences, Inc.

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BARBIER REMI

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PAIN THERAPEUTICS INC [ ptie ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	05/01/2002		J		2,485	A	$3.065	2,485	I⁽³⁾	By Spouse
Common Stock⁽¹⁾	11/01/2002		J		3,675	A	$2.737	6,160	I⁽³⁾	By Spouse
Common Stock⁽¹⁾	04/30/2003		J		15,157	A	$3.22	21,317	I⁽³⁾	By Spouse
Common Stock⁽¹⁾	04/29/2005		J		6,884	A	$5.21	28,201	I⁽³⁾	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽²⁾	$8.63	01/28/2002		J		50,000		02/28/2002	01/28/2012	Common Stock	50,000	$8.63	50,000	I⁽³⁾	By Spouse
Common Stock⁽²⁾	$3	12/09/2002		J		10,700		01/09/2003	12/09/2012	Common Stock	10,700	$3	60,700	I⁽³⁾	By Spouse
Common Stock⁽²⁾	$6.16	09/29/2003		J		2,000		10/29/2003	09/29/2013	Common Stock	2,000	$6.16	62,700	I⁽³⁾	By Spouse
Common Stock⁽²⁾	$6.25	12/12/2003		J		23,100		01/12/2004	12/12/2013	Common Stock	23,100	$6.25	85,800	I⁽³⁾	By Spouse
Common Stock⁽²⁾	$7.75	12/10/2004		J		15,100		01/10/2005	12/10/2014	Common Stock	15,100	$7.75	100,900	I⁽³⁾	By Spouse
Common Stock⁽²⁾	$4.99	04/12/2005		J		5,000		05/12/2005	04/12/2015	Common Stock	5,000	$4.99	105,900	I⁽³⁾	By Spouse
Common Stock⁽²⁾	$7.32	12/09/2005		J		16,300		01/09/2006	12/09/2015	Common Stock	16,300	$7.32	122,200	I⁽³⁾	By Spouse
Common Stock⁽²⁾	$8.6	12/08/2006		J		12,500		01/08/2007	12/08/2016	Common Stock	12,500	$8.6	134,700	I⁽³⁾	By Spouse

Explanation of Responses:

1. Common Stock purchased pursuant to the Company's 2000 Employee Stock Purchase Plan.

2. Incentive Stock Options are granted based on the Internal Revenue Service limitations and Non-Qualifying Stock Options are granted for options exceeding those limits. Stock options are vested over a four (4) year period at a rate of 1/48th per month.

3. This filing is done in connection with a marriage to an employee of the Company in June 2005. These transactions are exempt under Section 16b-3.

	/s/ Remi Barbier	02/15/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.