SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Neukermans Armand

(Last)

(First)

(Middle)

10260 BUBB ROAD

(Street)

CUPERTINO

95014

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DURECT CORP [ DRRX ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/14/2012

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/14/2012		P		100	A	$0.8242	75,100	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		400	A	$0.8299	75,500	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		200	A	$0.831	75,700	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		200	A	$0.8316	75,900	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8319	76,000	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8332	76,100	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8346	76,200	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8352	76,300	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		1,000	A	$0.8355	77,300	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8358	77,400	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8363	77,500	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		400	A	$0.8372	77,900	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		200	A	$0.8373	78,100	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.838	78,200	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8405	78,300	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.842	78,400	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8431	78,500	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8435	78,600	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		200	A	$0.8446	78,800	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8452	78,900	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8456	79,000	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8457	79,100	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8482	79,200	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8484	79,300	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8498	79,400	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		800	A	$0.8499	80,200	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		900	A	$0.85	81,100	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		500	A	$0.8501	81,600	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		400	A	$0.8501	82,000	I	by Trust⁽¹⁾
Common Stock	06/14/2012		P		100	A	$0.8502	82,100	I	by Trust⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Held by Neukermans Family Trust u/a/d January 21, 1993

	Armand P. Neukermans	06/18/2012
	** 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 4 (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.
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