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* Steiner Solomon (Last) (First) (Middle) C/O BIODEL INC. 6 CHRISTOPHER COLUMBUS AVE. (Street) DANBURY CT 06810 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/10/2007	3. Issuer Name and Ticker or Trading Symbol Biodel Inc [ BIOD ]
		4. 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	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	53,110	D
Common Stock	4,136,707	I	See footnote(1)

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
Employee Stock Option (right to buy)	(2)	12/22/2012	Common Stock	53,138	$1.41	D
Employee Stock Option (right to buy)	(3)	12/14/2013	Common Stock	53,138	$5.65	D
Employee Stock Option (right to buy)	(4)	12/18/2014	Common Stock	53,138	$12.63	D
Series B Convertible Preferred Stock	(5)	(5)	Common Stock	94,449	(5)	D

Explanation of Responses:

1. The amount shown represents the beneficial ownership of the Issuer's securities held by Steiner Ventures, LLC, which may be deemed attributable to the Reporting Person who is the sole managing member of Steiner Venturer, LLC. The Reporting Person disclaims beneficial ownership of the shares except to the extent his pecuniary interest therein.

2. This option is exercisable in four equal installments. The first two installments became exercisable on December 23, 2005 and December 23, 2006 and the next two installments become exercisable on December 23, 2007 and December 23, 2008.

3. This option is exercisable in four equal installments. The first installment became exercisable on December 15, 2006 and the next three installments become exercisable on December 15, 2007, 2008 and 2009.

4. This option is exercisable in four equal installments on December 19, 2007, 2008, 2009 and 2010.

5. The Series B Convertible Preferred Stock has no expiration date. It is immediately convertible and will automatically convert into Common Stock of the Issuer upon the close of the Issuer's initial public offering on a one for one basis.

	/s/ Solomon S. Steiner	05/10/2007
	** 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).
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