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Filing Details

Accession Number:: 0001209191-11-057247
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-11-18 20:01:31
Reporting Period:: 2011-11-16

Filing Date:: 2011-11-18
Accepted Time:: 2011-11-18 20:01:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
858803	Avanir Pharmaceuticals Inc.	AVNR	Pharmaceutical Preparations (2834)	330314804

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1314596	Keith Katkin	20 Enterprise, Suite 200 Aliso Viejo CA 92656	President And Ceo	Yes	Yes	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
Common Stock	Acquisiton	2011-11-16	109,013	$0.53	317,365	No	4	M	Direct
Common Stock	Disposition	2011-11-16	109,013	$2.59	208,352	No	4	S	Direct
Common Stock	Acquisiton	2011-11-17	2,587	$0.53	210,939	No	4	M	Direct
Common Stock	Acquisiton	2011-11-17	106,425	$0.88	317,364	No	4	M	Direct
Common Stock	Disposition	2011-11-17	109,012	$2.59	208,352	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock option (right to buy)	Disposition	2011-11-16	109,013	$0.00	109,013	$0.53
Common Stock	Stock option (right to buy)	Disposition	2011-11-17	2,587	$0.00	2,587	$0.53
Common Stock	Stock option (right to buy)	Disposition	2011-11-17	106,425	$0.00	106,425	$0.88

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
142,087	2018-12-16	No	4	M	Direct
139,500	2018-12-16	No	4	M	Direct
319,275	2018-07-25	No	4	M	Direct

Footnotes

Includes previously reported shares of common stock underlying Restricted Stock Units granted to the Reporting Person, which are subject to certain vesting conditions.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.56 to $2.62, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range.
The sales reported on this Form 4 were effected pursuant to a trading plan adopted pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Following the sales reported on this Form 4, the Reporting Person has a total of 862,204 options to purchase shares of common stock that are vested and immediately exercisable and 1,012,412 options to purchase shares of common stock that have not yet vested. Following the sales reported on this Form 4, the Reporting Person also has 62,500 unvested Restricted Stock Units.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.55 to $2.65, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range.
The option vested with respect to one-quarter of the underlying shares upon the first anniversary of the grant date, and then with respect to the remaining shares quarterly thereafter over the next three years.
The option vested with respect to 6.25% of the underlying shares upon the achievement of certain performance goals and continues to vest on a quarterly basis over 15 quarters from the initial vesting of the 6.25% upon the achievement of the performance goals.