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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 3wuCYuWhEkL0a19zO1EeLA==

<SEC-DOCUMENT>0000914121-04-001882.txt : 20040910
<SEC-HEADER>0000914121-04-001882.hdr.sgml : 20040910
<ACCEPTANCE-DATETIME>20040910170512
ACCESSION NUMBER:		0000914121-04-001882
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040910
FILED AS OF DATE:		20040910
DATE AS OF CHANGE:		20040910

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IMMTECH INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000882509
		STANDARD INDUSTRIAL CLASSIFICATION:	BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
		IRS NUMBER:				391523370
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		150 FAIRWAY DRIVE
		STREET 2:		SUITE 150
		CITY:			VERNON HILLS
		STATE:			IL
		ZIP:			60061
		BUSINESS PHONE:		(847) 573-0033

	MAIL ADDRESS:	
		STREET 1:		150 FAIRWAY DRIVE
		STREET 2:		SUITE 150
		CITY:			VERNON HILLS
		STATE:			IL
		ZIP:			60061

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			THOMPSON T STEPHEN
		CENTRAL INDEX KEY:			0001106292

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14907
		FILM NUMBER:		041026124

	BUSINESS ADDRESS:	
		STREET 1:		150 FAIRWAY DRIVE
		STREET 2:		SUITE 150
		CITY:			VERNON HILLS
		STATE:			IL
		ZIP:			60061
		BUSINESS PHONE:		6475730033

	MAIL ADDRESS:	
		STREET 1:		150 FAIRWAY DRIVE
		STREET 2:		SUITE 150
		CITY:			VERNON HILLS
		STATE:			IL
		ZIP:			60061
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p698277-4thompson_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-09-10</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000882509</issuerCik>
        <issuerName>IMMTECH INTERNATIONAL INC</issuerName>
        <issuerTradingSymbol>IMM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001106292</rptOwnerCik>
            <rptOwnerName>THOMPSON T STEPHEN</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>150 FAIRWAY DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 150</rptOwnerStreet2>
            <rptOwnerCity>VERNON HILLS</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60061</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CEO and President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Incentive Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.41</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-09-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>30000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2014-09-07</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.01 par value</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>30000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>250816</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The option vests in 24 equal monthly installments from date of grant.</footnote>
        <footnote id="F2">Includes: 45,249 shares of Common Stock issuable upon the conversion of Series A Convertible Preferred Stock, 12,500 shares
of Common Stock upon the conversion of Series B Convertible Preferred Stock, 25,000 shares of Common Stock issuable upon the
exercise of warrants as follows: warrant to purchase 20,000 shares of Common Stock at $6.00 per share by February 14, 2007
only after the Series A Convertible Preferred Stock has been converted and vested warrant to purchase 5,000 shares of Common
Stock at $6.125 per share by September 25, 2007, and 168,067 shares of Common Stock issuable upon the exercise of options as
follows: vested option to purchase 8,872 shares of Common Stock at $0.46 per share by March 21, 2006, vested option to
purchase 14,195 shares of Common Stock at $1.74 per share by April 16, 2008, an option to purchase 75,000 shares of Common
Stock at $2.55 per share by December 24, 2012 (45,837 shares beneficially as of (CONTINUED IN FOOTNOTE #3)</footnote>
        <footnote id="F3">(CONTINUED FROM FOOTNOTE #2) 9/10/04, options vest in equal monthly installments over 3 years from date of grant), option to
purchase 40,000 shares of Common Stock at $21.66 per share by November 5, 2013 (20,000 shares beneficially as of 9/10/04,
options vest in 24 equal monthly installments from date of grant), and option to purchase 30,000 shares of Common Stock at
$9.41 per share by September 7, 2014 (options vest in 24 equal monthly installments from date of grant).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Stephen T. Thompson</signatureName>
        <signatureDate>2004-09-10</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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