X0202 3 2007-01-25 0 0001013238 ARADIGM CORP ARDM 0001178579 TANG KEVIN C 4401 EASTGATE MALL SAN DIEGO CA 92121 0 0 1 0 0001191935 TANG CAPITAL PARTNERS LP 4401 EASTGATE MALL SAN DIEGO CA 92121 0 0 1 0 0001232621 TANG CAPITAL MANAGEMENT LLC 4401 EASTGATE MALL SAN DIEGO CA 92121 0 0 1 0 Common Stock 5310000 I By LP Common Stock 470000 I (2) Common Stock 70000 D The shares are held by Tang Capital Partners, LP. Kevin C. Tang is the sole manager of Tang Capital Management, LLC, which is the general partner of Tang Capital Partners, LP. Mr. Tang disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein. The securities are held by Kevin C. Tang as custodian for his minor children, as Trustee of the Tang Family Trust and as Trustee of the Tang Advisors, LLC Profit Sharing Plan. The securities are held by Kevin C. Tang's IRA. /s/ Kevin C. Tang 2007-01-29 /s/ Kevin C. Tang as Managing Member 2007-01-29 /s/ Kevin C. Tang as the Managing Member of Tang Capital Management, LLC, General Partner 2007-01-29