X0203 3 2010-07-21 0 0000737207 Marina Biotech, Inc. MRNA 0001494875 Taylor Michael Douglas 3830 MONTE VILLA PARKWAY BOTHELL WA 98021 1 0 0 0 Marina Biotech Stock Options 3.24 2010-07-21 2018-05-01 Common Stock 2005 D Marina Biotech Stock Options 1.25 2010-07-21 2020-02-05 Common Stock 6378 D Marina Biotech Stock Options 3.24 2010-07-21 2020-03-18 Common Stock 2005 D The options, which were granted under the Stock Incentive Plan of Cequent Pharmaceuticals, Inc., were assumed by the issuer on July 21, 2010 in connection with the closing of the merger between the issuer and Cequent Pharmaceuticals. In connection with the reporting person's stock option agreement, 25% of the options fully vested as of May 1, 2009, and an additional 2.0833% of the original number of shares will vest at the end of each successive one-month period following thereafter. The options, which were granted under the Stock Incentive Plan of Cequent Pharmaceuticals, Inc., were assumed by the issuer on July 21, 2010 in connection with the closing of the merger between the issuer and Cequent Pharmaceuticals. In connection with the reporting person's stock option agreement, 25% of the options fully vested as of the date of the acquisition of Cequent by the issuer, and an additional 2.0833% of the original number of shares shall vest at the end of each successive one-month period following thereafter. See attached footnote page /s/Peter S. Garcia Attorney in Fact 2010-07-23