Sec Form 4 Filing - Tweden Katherine S. @ EnteroMedics Inc - 2015-03-09

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Tweden Katherine S.
2. Issuer Name and Ticker or Trading Symbol
EnteroMedics Inc [ ETRM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP - Clinical and Regulatory
(Last) (First) (Middle)
2800 PATTON ROAD
3. Date of Earliest Transaction (MM/DD/YY)
03/09/2015
(Street)
ST. PAUL, MN55113
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 1,053 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 2.76 ( 1 ) 04/27/2015 Common Stock 183 183 D
Stock Option (right to buy) $ 2.76 ( 1 ) 04/20/2016 Common Stock 2,655 2,655 D
Stock Option (right to buy) $ 1.9 10/29/2010( 2 ) 10/29/2017 Common Stock 1,454 1,454 D
Stock Option (right to buy) $ 1.9 10/29/2010( 2 ) 10/29/2017 Common Stock 1,295 1,295 D
Stock Option (right to buy) $ 1.9 10/29/2010( 2 ) 10/29/2017 Common Stock 2,136 2,136 D
Stock Option (right to buy) $ 1.9 10/29/2010( 2 ) 10/29/2017 Common Stock 20,416 20,416 D
Stock Option (right to buy) $ 3.78 ( 1 ) 11/18/2019 Common Stock 16,666 16,666 D
Stock Option (right to buy) $ 2.58 03/16/2011( 3 ) 02/16/2021 Common Stock 91,981 91,981 D
Stock Option (right to buy) $ 2.67 08/12/2011( 3 ) 07/12/2021 Common Stock 25,000 25,000 D
Stock Option (right to buy) $ 1.9 01/14/2012( 3 ) 12/14/2021 Common Stock 100,000 100,000 D
Stock Option (right to buy) $ 3.35 ( 4 ) 08/10/2012( 3 ) 07/10/2022 Common Stock 291,638 291,638 D
Stock Option (right to buy) $ 1.31 06/30/2013( 3 ) 05/31/2023 Common Stock 257,190 257,190 D
Stock Option (right to buy) $ 1.11 03/09/2015 A 75,000 04/09/2015( 3 ) 03/09/2025 Common Stock 75,000 $ 0 75,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tweden Katherine S.
2800 PATTON ROAD
ST. PAUL, MN55113
VP - Clinical and Regulatory
Signatures
/s/ Greg S. Lea, Attorney-in-Fact for Katherine S. Tweden 03/11/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Options currently 100% vested.
( 2 )Options vest 33% on date noted and thereafter at 1/24th per month.
( 3 )Vests in increments of 1/48th per month, beginning the date shown.
( 4 )The exercise price is the closing price on July 10, 2012, the date the board authorized the grants subject to stockholder approval of the increase in the number of shares available for awards under the incentive plan, which was obtained on September 27, 2012.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.