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^*

HART MICHAEL E

(Last)

(First)

(Middle)

11080 CIRCLEPOINT ROAD

SUITE 200

(Street)

WESTMINSTER

80020

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ALLOS THERAPEUTICS INC [ ALTH ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2006

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	05/26/2006		M		50,000	A	$0.5645	52,000	D
Common Stock	05/26/2006		S		50,000	D	$3.1	2,000	D

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)
Stock Options (Right to buy)	$2.29							06/14/2005	06/14/2014	Common Stock	40,000		40,000	D
Stock Options (Right to buy)	$2.37							02/07/2006	02/07/2015	Common Stock	40,000		40,000	D
Stock Options (Right to buy)	$2.4194							01/12/2007	01/12/2010	Common Stock	62,000		62,000	D
Stock Options (Right to buy)	$3.2							07/03/2003	06/03/2013	Common Stock	70,000		70,000	D
Stock Options (Right to buy)	$3.55							⁽¹⁾	03/03/2016	Common Stock	50,000		50,000	D
Stock Options (Right to buy)	$3.77							02/19/2004	01/19/2014	Common Stock	40,000		40,000	D
Stock Options (Right to buy)	$4.5							07/17/2002	07/17/2011	Common Stock	9,500		9,500	D
Stock Options (Right to buy)	$5.14							01/17/2003	01/17/2012	Common Stock	250,000		250,000	D
Stock Options (Right to buy)	$5.74							11/30/2002	11/30/2011	Common Stock	100,000		100,000	D
Stock Options (Right to buy)	$6.38							03/01/2002	03/01/2011	Common Stock	28,500		28,500	D
Stock Options (Right to buy)	$7.08							02/17/2003	01/17/2013	Common Stock	55,000		55,000	D
Stock Options (Right to buy)	$0.5645	05/26/2006		M			50,000	⁽²⁾	12/02/2009	Common Stock	50,000	$0.5645	190,250	D

Explanation of Responses:

1. Option became fully vested on March 9, 2006

2. Options first exercisable on November 15, 2000, as of November 15, 2003 all options were fully vested

	David C. Clark, Attorney-in-Fact for Michael E. Hart	05/30/2006
	** 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).
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