X0306 4 2020-05-12 0 0000861838 IDERA PHARMACEUTICALS, INC. IDRA 0001239746 GERAGHTY JAMES A C/O IDERA PHARMACEUTICALS, INC. 505 EAGLEVIEW BLVD., SUITE 212 EXTON PA 19341 1 0 0 0 Stock Option (Right to Buy) 1.97 2020-05-12 4 A 0 14500 0 A 2021-05-12 2030-05-12 Common Stock 14500 14500 D Non-qualified stock options granted, under the Issuer's 2013 Stock Incentive Plan, on the date of the Issuer's 2020 annual meeting of stockholders at an exercise price equal to the closing price of the Issuer's common stock on the date of grant, pursuant to the Issuer's director compensation policy. The options vest in full and become immediately exercisable on May 12, 2021 (first anniversary of the date of grant), subject to continued service as a director of the Issuer. /s/ James A Geraghty 2020-05-19