SEC FORM 3

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^*

FRASER THOMAS H

(Last)

(First)

(Middle)

C/O GENVEC, INC.

65 WEST WATKINS MILL ROAD

(Street)

GAITHERSBURG

20878

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/21/2003

3. Issuer Name and Ticker or Trading Symbol
GENVEC INC [ GNVC ]

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

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

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	811,986	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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Incentive Stock Option (right to buy)	⁽¹⁾	12/02/2003	Common Stock	76,460	$1.64	D
Incentive Stock Options (right to buy)	⁽¹⁾	03/17/2007	Common Stock	30,584	$7.85	D
Incentive Stock Options (right to buy)	⁽¹⁾	12/17/2007	Common Stock	17,775	$7.03	D
Non Qualified Stock Options (right to buy)	⁽¹⁾	12/17/2007	Common Stock	28,100	$7.03	D
Incentive Stock Options (right to buy)	⁽¹⁾	12/21/2008	Common Stock	21,688	$3.44	D
Non Qualified Stock Options (right to buy)	⁽¹⁾	12/21/2008	Common Stock	16,561	$3.44	D
Non Qualified Stock Options (right to buy)	⁽¹⁾	12/30/2009	Common Stock	10,320	$4.09	D
Incentive Stock Options (right to buy)	⁽²⁾	12/30/2009	Common Stock	27,908	$4.09	D
Incentive Stock Options (right to buy)	⁽³⁾	12/27/2010	Common Stock	28,288	$3.07	D
Non Qualified Stock Options (right to buy)	⁽¹⁾	12/27/2010	Common Stock	9,941	$3.07	D
Incentive Stock Options (right to buy)	⁽⁴⁾	01/14/2012	Common Stock	97,807	$1.36	D
Non Qualified Stock Options (right to buy)	⁽¹⁾	01/14/2012	Common Stock	1,590	$1.36	D
Incentive Stock Options (right to buy)	⁽⁵⁾	01/13/2013	Common Stock	45,876	$0.7	D

Explanation of Responses:

1. Immediately

2. 18,351 of these options are immediately exercisable, with the balance vesting on 12/30/2003

3. 9,173 of these options are immediately exercisable, with the balance vesting in equal installments on 12/27/2003 and 12/27/2004

4. 23,259 of these options are immediately exercisable, with the balance vesting in equal installments 1/14/2004, 1/14/2005 and 1/14/2006

5. These options will vest in equal installments on 1/13/2004, 1/13/2005, 1/13/2006 and 1/13/2007

	/s/Jeffrey W. Church, Attorney-in-fact	08/19/2003
	** 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.