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^*

SIDRANSKY DAVID

(Last)

(First)

(Middle)

JOHNS HOPKINS UNIVERSITY

720 RUTLAND AVENUE

(Street)

BALTIMORE

21205

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
IMMUNE PHARMACEUTICALS INC [ EPCTD ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2013

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	08/25/2013		A		5,951	A	⁽¹⁾	5,951	D

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)
Stock Option (right to buy)	$1.0286	08/25/2013		A		29,758		⁽²⁾	02/28/2023	Common stock, par value $0.0001	29,758	⁽³⁾	29,758⁽⁴⁾	D
Warrant (right to buy)	$5.04	08/25/2013		A		1,190		08/25/2013	04/11/2016	Common stock, par value $0.0001	1,190	⁽⁵⁾	1,190⁽⁴⁾	D

Explanation of Responses:

1. Received in exchange for 10,000 ordinary shares of Immune Pharmaceuticals Ltd. in connection with the merger between the issuer and Immune Pharmaceuticals Ltd. On the effective date of the merger, the most recent closing price of the issuers common stock on the OTCQX was $3.50 per share.

2. 22,319 shares are currently exercisable, the remaining 7,439 vest ratably over the next three months.

3. Received in the merger between the issuer and Immune Pharmaceuticals Ltd. in exchange for options to acquire 50,000 ordinary shares of Immune Pharmaceuticals Ltd. at an exercise price of approximately $0.6122 per share.

4. Only represents the derivative securities of this class.

5. Received in the merger between the issuer and Immune Pharmaceuticals Ltd. in exchange for a warrant to acquire 2,000 ordinary shares of Immune Pharmaceuticals Ltd. at an exercise price of $3.00 per share.

	David Sidransky	08/27/2013
	** 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).
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