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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* VANTAGEPOINT VENTURE ASSOCIATES IV LLC (Last) (First) (Middle) 1001 BAYHILL DRIVE, SUITE 300 (Street) SAN BRUNO CA 94066 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Anthera Pharmaceuticals Inc [ ANTH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 07/07/2011
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/07/2011		M		9,248(6)	A	$1.34	5,347,213	D(7)
Common Stock	07/07/2011		M		3,115(6)	A	$1.51	5,350,328	D(7)
Common Stock	07/07/2011		M		7,200(6)	A	$4.19	5,357,528	D(7)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$1.34	07/07/2011		M			11,560(1)	(2)	02/21/2018	Common Stock	11,560	$1.34	3,042	I	By: Annette Bianchi(3)
Stock Options	$1.51	07/07/2011		M			3,894(1)	(4)	02/18/2019	Common Stock	3,894	$1.51	1,947	I	By: Annette Bianchi(3)
Stock Options	$4.19	07/07/2011		M			9,000(1)	(5)	09/30/2020	Common Stock	9,000	$4.19	3,000	I	By: Annette Bianchi(3)

1. Name and Address of Reporting Person* VANTAGEPOINT VENTURE ASSOCIATES IV LLC (Last) (First) (Middle) 1001 BAYHILL DRIVE, SUITE 300 (Street) SAN BRUNO CA 94066 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* VANTAGEPOINT VENTURE PARTNERS IV Q LP (Last) (First) (Middle) 1001 BAYHILL DRIVE, SUITE 300 (Street) SAN BRUNO CA 94066 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* VANTAGEPOINT VENTURE PARTNERS IV LP (Last) (First) (Middle) 1001 BAYHILL DRIVE, SUITE 300 (Street) SAN BRUNO CA 94066 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* VANTAGEPOINT VENTURE PARTNERS IV PRINCIPALS FUND LP (Last) (First) (Middle) 1001 BAYHILL DRIVE, SUITE 300 (Street) SAN BRUNO CA 94066 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* SALZMAN ALAN E (Last) (First) (Middle) 1001 BAYHILL DRIVE, SUITE 300 (Street) SAN BRUNO CA 94066 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. All Reporting Owners are disposing of the derivative security.

2. Option to purchase 14,602 shares granted February 21, 2008. Options vested over time. Currently exercisable as to 11,560 shares.

3. VantagePoint Venture Associates IV, L.L.C. has the sole power to exercise the options, and sole voting and investment power with respect to the shares underlying the options. Ms. Bianchi disclaims beneficial ownership thereof except to the extent of her pecuniary interest therein.

4. Option to purchase 5,841 shares granted February 18, 2009. Options vested over time. Currently exercisable as to 3,894 shares.

5. Option to purchase 12,000 shares granted September 30, 2010. Options vested over time. Currently exercisable as to 9,000 shares.

6. Only VantagePoint Venture Associates IV, L.L.C. and its managing member, Alan E. Salzman, are acquiring beneficial ownership of these shares of Common Stock.

7. (D) - Direct ownership by VantagePoint Venture Associates IV, L.L.C. (I) - Indirect ownership by Alan E. Salzman

	VantagePoint Venture Associates IV, L.L.C., By: Alan E. Salzman, Managing Member	07/11/2011
	VantagePoint Venture Partners IV (Q), L.P., By: VantagePoint Venture Associates IV, L.L.C., By: Alan E. Salzman, Managing Member	07/11/2011
	VantagePoint Venture Partners IV, L.P., By: VantagePoint Venture Associates IV, L.L.C., By: Alan E. Salzman, Managing Member	07/11/2011
	VantagePoint Venture Partners IV Principals Fund, L.P., By: VantagePoint Venture Associates IV, L.L.C., By: Alan E. Salzman, Managing Member	07/11/2011
	Alan E. Salzman	07/11/2011
	** Signature of Reporting Person	Date
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