X0306 4 2012-07-17 0 0000911216 PALATIN TECHNOLOGIES INC PTN 0001042019 PRENDERGAST JOHN K A ROBERTS SHERIDAN & KOTEL 12 EAST 49TH STREET 30TH FL NEW YORK NY 10017 1 0 0 0 stock option (right to buy) 0.72 2012-07-17 4 A 0 22500 0 A 2012-07-31 2022-07-17 common stock 22500 22500 D The options vest at the rate of 1/12 per month on the last day of each month, starting on July 31, 2012, provided, however, that no options shall become exercisable prior to the Issuance Period End Date, as such term is defined in the securities purchase agreement filed as Exhibit 10.1 to a Current Report on Form 8-K, filed by Palatin Technologies, Inc. with the Securities and Exchange Commission on July 6, 2012. /s/ John K.A. Prendergast, by Stephen A. Slusher, Attorney-In-Fact 2012-07-19