XNAS:SNTS Insider Activity 4 Filing - 1/10/2012

Effective Date 1/10/2012

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 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
HERMAN MICHAEL E
  2. Issuer Name and Ticker or Trading Symbol
SANTARUS INC [SNTS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O SANTARUS, INC., 3721 VALLEY CENTRE DRIVE #400
3. Date of Earliest Transaction (Month/Day/Year)
01/10/2012
(Street)

SAN DIEGO, CA 92130
4. If Amendment, Date Original Filed (Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 01/10/2012   M   10,000 A $1.75 20,000 I By Family Limited Partnership(1)
Common Stock 01/10/2012   M   37,000 A $2.02 57,000 I By Family Limited Partnership(1)
Common Stock 01/10/2012   M   32,000 A $1.18 89,000 I By Family Limited Partnership(1)
Common Stock 01/10/2012   M   32,000 A $2.38 121,000 I By Family Limited Partnership(1)
Common Stock               52,142 I By Family Trust(2)
Common Stock               21,000 I By Vail Fishing Partners(3)
Common Stock               4,400 I By Spouse(4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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 Options (right to buy) $1.75 01/10/2012   M     10,000 12/03/2003(5) 12/03/2013 Common Stock 10,000 (6) 0 I By Family Limited Partnership(1)
Stock Options (right to buy) $2.02 01/10/2012   M     37,000 06/12/2008(7) 06/12/2018 Common Stock 37,000 (6) 0 I By Family Limited Partnership(1)
Stock Options (right to buy) $1.18 01/10/2012   M     32,000 03/16/2009(8) 03/16/2019 Common Stock 32,000 (6) 0 I By Family Limited Partnership(1)
Stock Options (right to buy) $2.38 01/10/2012   M     32,000 06/11/2009(9) 06/11/2019 Common Stock 32,000 (6) 5,000 I By Family Limited Partnership(1)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HERMAN MICHAEL E
C/O SANTARUS, INC.
3721 VALLEY CENTRE DRIVE #400
SAN DIEGO, CA 92130
  X      

Signatures

 /s/ Debra P. Crawford Attorney-in-Fact   01/12/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) By The Herman Family Trading Company.
(2) By The Michael E. Herman Revocable Trust. Previously held directly by Reporting Person and were transferred and now held indirectly through The Michael E. Herman Revocable Trust.
(3) The reporting person is a general partner.
(4) The reporting person disclaims beneficial ownership of these shares, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all or the reported shares for purposes of Section 16 or any other purpose.
(5) 100% vested on 12/03/2004.
(6) Not applicable to this transaction.
(7) 1/12 vest monthly from 6/12/2008.
(8) 1/12 vest monthly from 3/16/2009.
(9) 1/12 vest monthly from 6/11/2009.

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XNAS:SNTS Insider Activity 4 Filling

XNAS:SNTS Stock - Get Insider Activity SEC Filing of XNAS:SNTS stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

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XNAS:SNTS Insider Activity 4 Filing - 1/10/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices Title |  Date |  Company |  Symbol |  Interest |  Popularity

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