Insider Trades - LEE KWANG

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LEE KWANG: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Galena Biopharma, Inc. Officer NasdaqCM:GALE (historical quotes, profile, other insiders)	7-Dec-11	5,000	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
7-Dec-11 5,000 GALE Purchase at $0.60 per share.
(Cost of $3,000)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
7-Dec-11	5,000	GALE	Purchase at $0.60 per share. (Cost of $3,000)