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Filing Details

Accession Number:: 0001104659-10-064215
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-23 16:46:31
Reporting Period:: 2010-12-22

Filing Date:: 2010-12-23
Accepted Time:: 2010-12-23 16:46:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1382911	Orexigen Therapeutics Inc.	OREX	Pharmaceutical Preparations (2834)	651178822

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1280249	Iii K Daniel Turner	C/O Orexigen Therapeutics, Inc 3344 N. Torrey Pines Court, Suite 200 La Jolla CA 92037		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-12-22	51,943	$8.25	546,769	No	4	S	Indirect	By Montreux Equity Partners II, SBIC, LP, Montreux Equity Partners III, SBIC, LP and related funds
Common Stock	Disposition	2010-12-23	48,057	$0.00	498,712	No	4	S	Indirect	By Montreux Equity Partners II, SBIC, LP, Montreux Equity Partners III, SBIC, LP and related funds

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Montreux Equity Partners II, SBIC, LP, Montreux Equity Partners III, SBIC, LP and related funds
No	4	S	Indirect	By Montreux Equity Partners II, SBIC, LP, Montreux Equity Partners III, SBIC, LP and related funds

Footnotes

25,971 of the 51,943 share sold, were sold by Montreux Equity Partners II SBIC, L.P. 25,972 of the 51,943 shares sold, were sold by Montreux Equity Partners III SBIC, L.P.
Of the total 546,769 total shares beneficially owned following the reported transaction, 173,385 shares are held by Montreux Equity Partners II SBIC, L.P. and 373,384 shares are held by Montreux Equity Partners III SBIC, L.P.
The reported securities are owned directly by Montreux Equity Partners II SBIC, L.P., ("MEP II") and Montreux Equity Partners III SBIC, L.P, ("MEP III"). The voting and disposition of the shares held by MEP II and MEP III are determined by Montreux Equity Management II SBIC, LLC, ("MEM II") and Montreux Equity Management III SBIC, LLC, ("MEM III"), respectively. Mr. Turner is a managing member of MEM II and MEM III. Mr. Turner disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
24,029 of the 48,057 share sold, were sold by Montreux Equity Partners II SBIC, L.P. 24,028 of the 48,057 shares sold, were sold by Montreux Equity Partners III SBIC, L.P.
The sale price of the 48,057 shares reported in this Form 4 was between the range of $8.27 per share and $8.05 per share, with an average sale price of $8.1502. Full information regarding the number of shares sold at each separate price will be provided to the Commission staff upon request.
Of the total 498,712 total shares beneficially owned following the reported transaction, 149,356 shares are held by Montreux Equity Partners II SBIC, L.P. and 349,356 shares are held by Montreux Equity Partners III SBIC, L.P.