X0306 4 2015-06-08 0 0000861838 IDERA PHARMACEUTICALS, INC. IDRA 0001239746 GERAGHTY JAMES A C/O IDERA PHARMACEUTICALS, INC. 167 SIDNEY ST. CAMBRIDGE MA 02139 1 0 0 0 Stock Option 3.59 2015-06-08 4 A 0 52500 0.00 A 2025-06-08 Common Stock 52500 52500 D The option vests in twelve equal quarterly installments over three years from the date of grant, with the first installment vesting on September 8, 2015. The option was automatically granted pursuant to the Company's director compensation program on the date of the Company's 2015 annual meeting of stockholders at an exercise price equal to the closing price of the Company's common stock on the date of grant. /s/ James A. Geraghty 2015-06-10