SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Qian Changgeng
(Last) (First) (Middle)
45 MOULTON STREET
(Street)
CAMBRIDGE MA 02138
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/06/2007 		3. Issuer Name and Ticker or Trading Symbol
CURIS INC [ CRIS ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, Research & Preclinical Dev
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(8) 5,014 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Qualified stock option (right to buy) (1) 07/02/2011 Common stock 20,000 $4.72 D
Qualified stock option (right to buy) (1) 06/05/2012 Common stock 10,125 $1.5 D
Qualified stock option (right to buy) (1) 09/25/2012 Common stock 9,375 $1.09 D
Qualified stock option (right to buy) (1) 05/13/2013 Common stock 35,000 $2.43 D
Qualified stock option (right to buy) (6) 06/25/2014 Common stock 24,000 $4.56 D
Qualified stock option (right to buy) (7) 06/01/2015 Common stock 24,000 $3.98 D
Qualified stock option (right to buy) (5) 01/10/2016 Common stock 15,136 $4.03 D
Qualified stock option (right to buy) 05/31/2008(2) 05/31/2016 Common stock 20,000 $1.57 D
Qualified stock option (right to buy) (4) 09/13/2016 Common stock 53,253 $1.57 D
Non-qualified stock option (right to buy) (5) 01/10/2016 Common stock 864 $4.03 D
Non-qualified stock option (right to buy) (1) 05/31/2016 Common stock 20,000 $1.57 D
Non-qualified stock option (right to buy) (4) 09/13/2016 Common stock 46,747 $1.57 D
Qualified stock option (right to buy) (3) 06/05/2012 Common stock 10,000 $1.5 D
Explanation of Responses:
1. Options are fully vested and exercisable.
2. All options will vest two years from the grant date, or May 31, 2008.
3. All options will vest on November 6, 2007.
4. Options will vest over a period of four years with 25% of the stock options vesting the first anniversary of the grant date, or September 13, 2007, and an additional 6.25% of the shares during each successive three-month period thereafter until the option is fully vested on the fourth anniversary of the grant date, or September 13, 2010, subject to continued employment, with non-qualified options vesting first. All stock options will expire 10 years from date of grant and the grant date for each option is 10 years prior to the expiration date. None of these options were vested as of June 6, 2007.
5. Options vest over a period of four years with 25% of the stock options vesting the first anniversary of the grant date, or January 10, 2007, and an additional 6.25% of the shares during each successive three-month period thereafter until the option is fully vested on the fourth anniversary of the grant date, or January 10, 2010, subject to continued employment. All stock options will expire 10 years from date of grant and the grant date for each option is 10 years prior to the expiration date. 10,754 of the qualified options and 247 of the non-qualified options remain unvested as of June 6, 2007.
6. Options vest over a period of four years with 25% of the stock options vesting the first anniversary of the grant date, or June 25, 2005, and an additional 6.25% of the shares during each successive three-month period thereafter until the option is fully vested on the fourth anniversary of the grant date, or June 25, 2008, subject to continued employment. All stock options will expire 10 years from date of grant and the grant date for each option is 10 years prior to the expiration date. 7,500 options remain unvested at June 6, 2007.
7. Options vest over a period of four years with 25% of the stock options vesting the first anniversary of the grant date, or June 1, 2006, and an additional 6.25% of the shares during each successive three-month period thereafter until the option is fully vested on the fourth anniversary of the grant date, or June 1, 2009, subject to continued employment. All stock options will expire 10 years from date of grant and the grant date for each option is 10 years prior to the expiration date. 12,000 options remain unvested at June 6, 2007.
8. Shares owned were purchased under the 2000 Employee Stock Purchase Plan.
/s/ Michael P. Gray, attorney-in-fact 06/08/2007
** 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 5 (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.