Edgar Filing: TARGETED GENETICS CORP /WA/

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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3235-0104

Expires:

January 31, 2005

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Poston David J

2. Date of Event Requiring Statement (Month/Day/Year)
10/03/2005

3. Issuer Name and Ticker or Trading Symbol
TARGETED GENETICS CORP /WA/ [TGEN]

(Last)

(First)

(Middle)

1100 OLIVE WAY, SUITE 100

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Acting CFO

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

SEATTLE,Â WAÂ 98101

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	17,000	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)	Â ⁽¹⁾	01/21/2009	Common Stock	28,000	$ 2.25	D	Â
Stock Option (right to buy)	Â ⁽¹⁾	01/20/2010	Common Stock	7,500	$ 8.56	D	Â
Stock Option (right to buy)	Â ⁽¹⁾	01/23/2011	Common Stock	20,000	$ 6.66	D	Â
Stock Option (right to buy)	Â ⁽¹⁾	05/08/2011	Common Stock	5,000	$ 5.95	D	Â
Stock Option (right to buy)	Â ⁽²⁾	01/22/2012	Common Stock	32,000	$ 2.57	D	Â
Stock Option (right to buy)	Â ⁽³⁾	08/07/2012	Common Stock	10,000	$ 0.76	D	Â
Stock Option (right to buy)	Â ⁽⁴⁾	05/20/2014	Common Stock	91,000	$ 1.31	D	Â
Stock Option (right to buy)	Â ⁽⁵⁾	05/26/2015	Common Stock	27,000	$ 0.91	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Poston David J 1100 OLIVE WAY, SUITE 100 SEATTLE,Â WAÂ 98101	Â	Â	Â Acting CFO	Â

Signatures

/s/ Jonathan K. Wright, attorney-in-fact for David J. Poston		10/04/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	Such option is 100% vested and exercisable.
(2)	Such option vests and is exercisable 6.25% quarterly, commencing April 22, 2002, with 100% vested and exercisable on April 22, 2006.
(3)	Such option vests and is exercisable 6.25% quarterly, commencing November 7, 2002, with 100% vested and exercisable on November 7, 2006.
(4)	Such option vests and is exercisable 6.25% quarterly, commencing August 20, 2004, with 100% vested and exercisable on August 20, 2008.
(5)	Such option vests and is exercisable 6.25% quarterly, commencing August 26, 2005, with 100% vested and exercisable on August 26, 2009.

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