X0201 4 2004-01-08 0 0000906709 NEKTAR THERAPEUTICS NKTR 0001236921 GILL AJIT 150 INDUSTRIAL ROAD SAN CARLOS CA 94070 1 1 0 0 CEO & President Common Stock 2004-01-08 4 S 0 17500 16.06 D 79506 I See Footnote Common Stock 2004-01-08 4 S 0 200 16.07 D 79306 I See Footnote Common Stock 2004-01-08 4 S 0 1000 16.14 D 78306 I See Footnote Common Stock 2004-01-08 4 S 0 5300 16.15 D 73006 I See Footnote Common Stock 2004-01-08 4 S 0 1000 16.18 D 72006 I See Footnote The sales reported in this Form 4 were effected pursuant to a Rule 10b-5-1 trading plan adopted by the reporting person on December 12, 2003. By The Ajit S & Ann C Gill 1998 Family Trust dtd 10/14/1998 /s/ Paula S. Kasler, by power of attorney 2004-01-09