X0305 4 2012-05-29 0 0001016169 ANTARES PHARMA, INC. AIS 0001274940 GUETH ANTON C/O ANTARES PHARMA, INC. 100 PRINCETON SOUTH, SUITE 300 EWING NJ 08628 1 0 0 0 Common Stock 2012-05-29 4 M 0 1250 1.40 A 103623 D Common Stock 2012-05-29 4 F 0 603 2.90 D 103020 D Common Stock 2012-05-29 4 M 0 20000 1.40 A 123020 D Common Stock 2012-05-29 4 F 0 9655 2.90 D 113365 D Common Stock 2012-05-29 4 M 0 20000 1.54 A 133365 D Common Stock 2012-05-29 4 F 0 10621 2.90 D 122744 D Common Stock 2012-05-29 4 M 0 10000 1.55 A 132744 D Common Stock 2012-05-29 4 F 0 5345 2.90 D 127399 D Common Stock 2012-05-29 4 M 0 61870 1.65 A 189269 D Common Stock 2012-05-29 4 F 0 35202 2.90 D 154067 D Common Stock 2012-05-29 4 M 0 105616 0.85 A 259683 D Common Stock 2012-05-29 4 F 0 30956 2.90 D 228727 D Common Stock 2012-05-29 4 M 0 174849 0.53 A 403576 D Common Stock 2012-05-29 4 F 0 31955 2.90 D 371621 D Common Stock 2012-05-29 4 M 0 26009 1.10 A 397630 D Common Stock 2012-05-29 4 F 0 9865 2.90 D 387765 D Common Stock 2012-05-29 4 M 0 40000 1.60 A 427765 D Common Stock 2012-05-29 4 F 0 22067 2.90 D 405698 D Common Stock 2012-05-30 4 S 0 87500 2.851 D 318198 D Employee Stock Option (right to buy) 1.40 2012-05-29 4 M 0 1250 0 D 2014-10-25 Common Stock 1250 0 D Employee Stock Option (right to buy) 1.40 2012-05-29 4 M 0 20000 0 D 2015-01-03 Common Stock 20000 0 D Employee Stock Option (right to buy) 1.54 2012-05-29 4 M 0 20000 0 D 2016-01-03 Common Stock 20000 0 D Employee Stock Option (right to buy) 1.55 2012-05-29 4 M 0 10000 0 D 2016-05-02 Common Stock 10000 0 D Employee Stock Option (right to buy) 1.65 2012-05-29 4 M 0 61870 0 D 2017-05-09 Common Stock 61870 0 D Employee Stock Option (right to buy) 0.85 2012-05-29 4 M 0 105616 0 D 2018-05-13 Common Stock 105616 0 D Employee Stock Option (right to buy) 0.53 2012-05-29 4 M 0 174849 0 D 2019-05-13 Common Stock 174849 0 D Employee Stock Option (right to buy) 1.10 2012-05-29 4 M 0 26009 0 D 2019-11-11 Common Stock 26009 0 D Employee Stock Option (right to buy) 1.60 2012-05-29 4 M 0 40000 0 D 2020-05-26 Common Stock 40000 0 D The options vested in four equal quarterly installments following the grant date. Part 2 of 2. Due to the SEC's limit of 30 lines per form, this Form 4 is being filed in 2 parts on behalf of Anton Gueth to report transactions that occurred on 5/29/2012. Robert F. Apple as attorney-in-fact for Anton Gueth 2012-05-31