<SEC-DOCUMENT>0001181431-12-056353.txt : 20121102
<SEC-HEADER>0001181431-12-056353.hdr.sgml : 20121102
<ACCEPTANCE-DATETIME>20121102163144
ACCESSION NUMBER:		0001181431-12-056353
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20121031
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20121102
DATE AS OF CHANGE:		20121102

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DYNAVAX TECHNOLOGIES CORP
		CENTRAL INDEX KEY:			0001029142
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				330728374
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34207
		FILM NUMBER:		121177208

	BUSINESS ADDRESS:	
		STREET 1:		2929 SEVENTH STREET
		STREET 2:		SUITE 100
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94710
		BUSINESS PHONE:		5108485100

	MAIL ADDRESS:	
		STREET 1:		2929 SEVENTH STREET
		STREET 2:		SUITE 100
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94710
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rrd359189.htm
<DESCRIPTION>FORM 8-K 11-2-2012
<TEXT>

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			Prepared By R.R. Donnelley Financial -- Form 8-K
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				<b>UNITED STATES </b>
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				<b>SECURITIES AND EXCHANGE COMMISSION</b>
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				<b>Washington, D.C. 20549</b>
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				<b>Form 8-K </b>
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				<b>CURRENT REPORT</b>
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				<b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b>
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				<b>Date of Report (Date of earliest event reported):&nbsp;&nbsp;10/31/2012 </b>
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				<b>Dynavax Technologies Corporation</b>
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				<b>(Exact name of registrant as specified in its charter)</b>
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				<b>Commission File Number:&nbsp;&nbsp;001-34207</b>
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								<b>Delaware</b>
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							&nbsp;&nbsp;
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								<b>33-0728374</b>
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								<b>(State or other jurisdiction of</b>
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							&nbsp;&nbsp;
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								<b>(IRS Employer</b>
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								<b>incorporation)</b>
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							&nbsp;&nbsp;
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								<b>Identification No.)</b>
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				<b>2929 Seventh Street, Suite 100</div><div Align="center">Berkeley, CA 94710-2753</b>
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				<b>(Address of principal executive offices, including zip code)</b>
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				<b>(510) 848-5100</b>
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				<b>(Registrant&#146;s telephone number, including area code)</b>
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				<b> </b>
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				<b>(Former name or former address, if changed since last report)</b>
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			<b>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<BR><BR></b>
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			<b>[&nbsp;&nbsp;]&nbsp;&nbsp;
			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
			[&nbsp;&nbsp;]&nbsp;&nbsp;
			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
			[&nbsp;&nbsp;]&nbsp;&nbsp;
			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
			[&nbsp;&nbsp;]&nbsp;&nbsp;
			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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				<b>Item 5.02.&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</b>
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				Effective on October 31, 2012 (the "Effective Date"), J. Tyler Martin, M.D., President, Chief Medical Officer and Director of Dynavax Technologies Corporation (the "Company"), entered into an amended and restated Management Continuity and Severance Agreement (the "Agreement").</div><div align="left" style="text-indent:4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</div><div align="left" style="text-indent:4%">The Agreement supersedes the prior Amended and Restated Management Continuity Agreement dated November 12, 2010 and provides that Dr. Martin will receive a 2012 annual base salary of $412,000 and will be eligible to earn an annual bonus of up to $226,600. In addition, the Agreement provides for certain retention incentive payments and other consideration that will vest and be payable to Dr. Martin if he remains as an employee through the later of March 1, 2012 or the actual PDUFA action date for HEPLISAV (the "Acceleration Date").  Specifically, the retention incentive consideration consists of (a) 24 months of Dr. Martin's then-current base salary and target bonus payable upon his separation from the Company; (b)  acceleration of vesting for any outstanding time-based equity awards as of October 31, 2012, with a right to exercise such options through the third anniversary following termination of his continuous service with the Company; and (c) monthly cash payments for COBRA through the earlier of 24 months or the duration of the period in which Dr. Martin and his eligible dependents are eligible for COBRA coverage upon his separation from the Company (collectively, the "Severance Benefits").<p>Under the terms of the Agreement, in the event the Company terminates Dr. Martin's employment without Cause (as defined in the Agreement), including a Change of Control (as defined in the Agreement) of the Company, at any time prior to the Acceleration Date, Dr. Martin will also be entitled to receive the Severance Benefits.  <p>In no event will Dr. Martin receive the Severance Benefits more than once, regardless of the circumstances.<p>In each case, receipt of such benefits by Dr. Martin is subject to the execution of a customary general release in favor of the Company.<p>In the event of a Change of Control, and subject to Dr. Martin's continued service with the Company through the time immediately prior to the closing of such Change of Control and execution of a customary general release in favor of the Company, the Severance Benefits shall be payable to Dr. Martin and all of Dr. Martin's then-outstanding time-based vesting equity awards shall automatically accelerate and fully vest.
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			<b>SIGNATURES</b>
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			Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
			duly authorized.
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							Dynavax Technologies Corporation
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							Date: November 02, 2012
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							By:
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						/s/&nbsp;&nbsp;&nbsp;&nbsp;Michael S. Ostrach</font>
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						Michael S. Ostrach</font>
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						Vice President
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