Insider Trades - KARP JORDAN P

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KARP JORDAN P: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
PharmAthene, Inc Common Stock Officer AMEX:PIP (historical quotes, profile, other insiders)	30-Dec-11 10-Nov-11	21,929 10,000 31,929	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
30-Dec-11 7,863 PIP Disposition (Non Open Market) at $1.27 per share.
(Value of $9,986)
10-Nov-11 *10,000 PIP Purchase at $1.51 per share.
(Cost of $15,100)
30-Sep-11 25,000 PIP Acquisition (Non Open Market)

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
30-Dec-11	7,863	PIP	Disposition (Non Open Market) at $1.27 per share. (Value of $9,986)
10-Nov-11	*10,000	PIP	Purchase at $1.51 per share. (Cost of $15,100)
30-Sep-11	25,000	PIP	Acquisition (Non Open Market)