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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
873303	Avi Biopharma Inc	AVII	Pharmaceutical Preparations (2834)	930797222

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1321265	Leslie Hudson	3450 Monte Villa Parkway, Suite 101 Bothell WA 98021	Former Ceo	No	Yes	No	Yes

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2010-03-24	21,427	$1.49	435,897	Yes	4	S	Direct
Common Stock	Disposition	2010-06-24	51,338	$1.24	384,559	Yes	4	S	Direct
Common Stock	Acquisiton	2010-07-02	128,911	$0.92	513,470	No	4	M	Direct
Common Stock	Disposition	2010-07-02	47,270	$1.55	466,200	No	4	S	Direct
Common Stock	Disposition	2010-07-02	21,172	$1.56	445,028	No	4	S	Direct
Common Stock	Disposition	2010-07-02	48,928	$1.57	396,100	No	4	S	Direct
Common Stock	Disposition	2010-07-02	6,341	$1.58	389,759	No	4	S	Direct
Common Stock	Disposition	2010-07-02	3,700	$1.59	386,059	No	4	S	Direct
Common Stock	Disposition	2010-07-02	1,500	$1.60	384,559	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
Yes	4	S	Direct
Yes	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2010-07-02	128,911	$0.00	128,911	$0.92

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
221,089		2019-02-10	No	4	M	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Incentive Stock Option (right to buy)	$1.09	2009-02-08	2018-02-08	366,972	366,972	Direct
Common Stock	Incentive Stock Option (right to buy)	$1.45	2011-02-09	2020-02-09	68,965	68,965	Direct
Common Stock	Non-Qualified Stock Option (right to buy)	$1.09	2009-02-08	2018-02-08	300,028	300,028	Direct
Common Stock	Non-Qualified Stock Option (right to buy)	$1.45	2011-02-09	2020-02-09	531,035	531,035	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2018-02-08	366,972	366,972	Direct
2020-02-09	68,965	68,965	Direct
2018-02-08	300,028	300,028	Direct
2020-02-09	531,035	531,035	Direct

Footnotes

The Restricted Stock Holder has elected to pay for payroll taxes for restricted stock awards by way of a stock swap of a total 21,427 restricted stock awards for the 124,324 restricted stock awards granted in 2009. The remaining 102,897 remains with the optionee.
The Restricted Stock Holder has elected to pay for payroll taxes for restricted stock awards by way of a stock swap of a total 51,338 restricted stock awards for the 333,000 restricted stock awards granted in 2008. The remaining 281,662 remains with the optionee.
This transaction was a Same Day Sale. The optionholder exercised 128,911 Non-Qualified Options and the shares were sold on the same day.
The original option vested 1/3 each year over 3 years. On 4/20/2010, the option had 116,667 fully vested shares and the Company approved a vesting acceleration of the remaining 233,333 shares.
Option Grant vests 25% per year on grant date with all shares vesting four years from date of grant.
The Stock Option Grant vest as follows: 1/3 vest one year from date of grant and 1/3 each year thereafter until all shares vest three years from grant date.