X0303 4 2010-12-14 0 0001412067 Oncothyreon Inc. ONTY 0001242880 HENNEY CHRISTOPHER S 2601 FOURTH AVENUE SUITE 500 SEATTLE WA 98121 1 0 0 0 Common Stock 2010-12-14 4 M 0 3166 A 42437 D Restricted Share Units 2010-12-14 4 M 0 3166 D 2010-12-14 2010-12-14 Common Stock 3166 0 D Each restricted share unit was the economic equivalent of one share of common stock. On December 14, 2010, 3,166 of the reporting person's restricted share units were settled for an equal number of shares of common stock. Reflects 14,271 restricted share units previously owned and 28,166 shares of common stock directly beneficially owned by reporting person. Barbara A. Mery, attorney-in-fact on behalf of Christopher S. Henney 2010-12-15