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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1326190	Pharmathene Inc	PIP	Pharmaceutical Preparations (2834)	202726770

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1031735	L Derace Schaffer	C/O Pharmathene, Inc., One Park Place, Suite 450 Annapolis MD 21401		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.0001 Par Value Per Share	Disposition	2011-05-17	75,000	$3.71	1,210,208	No	4	S	Direct
Common Stock, $0.0001 Par Value Per Share	Disposition	2011-05-18	50,000	$3.68	1,160,208	No	4	S	Direct
Common Stock, $0.0001 Par Value Per Share	Disposition	2011-05-19	142,497	$3.68	1,017,711	No	4	S	Indirect	IRA account

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct
No	4	S	Indirect	IRA account

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.67 to $3.77, inclusive. The reporting person undertakes to provide to PharmAthene, Inc., any security holder of PharmAthene, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.64 to $3.72, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.61 to $3.75, inclusive.