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^*

KIER ISAAC

(Last)

(First)

(Middle)

1775 BROADWAY, SUITE 604

(Street)

NEW YORK

10019

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Hana Biosciences Inc [ HNAB ]

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)
05/17/2006

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	05/17/2006		P		11,000	A	$9.07	151,528	I	By Kier Family LP⁽¹⁾
Common Stock								72,748	D
Common Stock								120,342	I	By JIJ Investments⁽²⁾
Common Stock								661,601⁽³⁾⁽⁴⁾	I	By Coqui Capital Partners, LP⁽¹⁾⁽⁴⁾

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	$1.684							⁽⁵⁾	02/01/2014	Common Stock	28,201		28,201	D
Stock Options	$1.33							⁽⁶⁾	04/11/2015	Common Stock	20,000		20,000	D
Stock Options	$1.65							⁽⁶⁾	07/14/2015	Common Stock	20,000		20,000	D
Warrants	$1.57							⁽⁷⁾	04/22/2010	Common Stock	5,859		5,859	D
Warrants	$1.57							⁽⁷⁾	04/22/2010	Common Stock	46,875		46,875⁽⁴⁾	I	By Coqui Capital Partners, LP⁽¹⁾⁽⁴⁾
Warrants	$5.8							04/21/2006	10/21/2010	Common Stock	10,893		10,893⁽⁴⁾	I	By Coqui Capital Partners, LP⁽¹⁾⁽⁴⁾
Warrants	$5.8							04/21/2006	10/21/2010	Common Stock	4,357		4,357	I	By Kier Family LP⁽¹⁾
Warrants	$1.57							⁽⁷⁾	04/22/2010	Common Stock	23,437		23,437	I	By JIJ Investments⁽²⁾
Stock Options	$4.75							11/10/2006	11/10/2015	Common Stock	40,000		40,000	D

Explanation of Responses:

1. A limited partnership, of which the Reporting Person is a general partner.

2. A partnership, of which the Reporting Person is a partner.

3. Total changed to correct a mathematical error.

4. Coqui Capital Partners, LP ("Coqui") is currently in receivorship, with the Small Business Administration as Receivor. As a result, the Reporting Person no longer has voting or depositive power over these shares. The Reporting Person may retain a limited pecuniary interest in the shares as a limited partner of Coqui.

5. 9,400 shares vest on each of 2/1/05 and 2/1/06 and 9,401 shares vest on 2/1/07.

6. 6,667 shares vest on each of 4/11/2006 and 4/11/2007; 6,666 shares vest on 4/11/2008.

7. Immediately exercisable.

	/s/ Isaac Kier	05/19/2006
	** 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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