X0306 4 2015-06-16 0 0001000694 NOVAVAX INC NVAX 0001461241 Modi Rajiv I. C/O CADILA PHARMACEUTICALS LTD, CADILA CORPORATE CAMPUS, SARKHEJ- DHOLKA ROAD BHAT, AHMEDABAD GUJARAT K7 382 210 INDIA 1 0 0 0 Common Stock 2015-06-16 4 S 0 280285 9.01 D 2652768 I See footnote Common Stock 2015-06-17 4 S 0 152768 9.01 D 2500000 I See footnote The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.00 to $9.03, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. These shares are owned directly by Satellite Overseas (Holdings) Limited, which is a wholly owned subsidiary (except for directors' qualifying shares) of Cadila Pharmaceuticals Ltd. Cadila Pharmaceuticals Ltd is an indirect beneficial owner of the reported securities. These shares are held for convenience in the name of "SOHL, Inc., as nominee for Satellite Overseas (Holdings) Limited." SOHL, Inc., has no voting, dispositive or pecuniary interest in any such shares. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.00 to $9.03, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. /s/ Rajiv I. Modi 2015-06-18