X0306 4 2017-06-20 0000911216 PALATIN TECHNOLOGIES INC PTN 0001042011 SPANA CARL PALATIN TECHNOLOGIES, INC. 4B CEDAR BROOK DRIVE CRANBURY NJ 08512 true true false false President and CEO Common Stock 2017-06-20 4 A false 595000 0 A 2917852 D Stock Option (right to acquire) 0.37 2017-06-20 4 A false 938000 0 A 2018-06-20 2027-06-20 Common Stock 938000 938000 D Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The restricted share units vest as to 50% June 20, 2018 and as to the remaining shares on June 20, 2019. Vested shares, subject to the terms of the applicable restricted share unit agreement, will be delivered following the reporting person ceasing to serve as an employee of Palatin Technologies, Inc. Options vest at the rate of 25% per year, starting on June 20, 2018. /s/ Carl Spana, by Stephen A. Slusher, Attorney-In-Fact 2017-06-22