X0306 4 2015-06-12 0 0001425205 Lion Biotechnologies, Inc. LBIO 0001210317 MCPEAK MERRILL A 21900 BURBANK BOULEVARD 3RD FLOOR WOODLAND HILLS CA 91367 1 0 0 0 Common Stock 11.05 2015-06-12 4 A 0 35000 0 A 2025-06-11 Common Stock 35000 35000 D These options are exercisable in four equal quarterly installments of 8,750 each following the date of grant. If the Reporting Person's service to the Issuer terminates before the expiration date, the option shares will be exercisable for two years following termination of service unless the Reporting Person is terminated for cause, in which case the options are terminated. /s/ Merrill A. McPeak 2015-06-15