Statement of Changes of Beneficial Ownership

   
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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GEORGE T DENNIS 		2. Issuer Name and Ticker or Trading Symbol

DENDREON CORP [ DNDN ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SVP, Secretary and GC
(Last)          (First)          (Middle)

12427 68TH AVE NE 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/7/2003
(Street)

KIRKLAND, WA 98034
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Transaction Date (MM/DD/YYYY) 2A. Deemed Execution Date, if any (MM/DD/YYYY) 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   10/7/2003     M    938   A $0   (1) 51027   (2) D    
Common Stock   10/7/2003     M    6667   A $0   (1) 57694   (2) D    
Common Stock   10/7/2003     M    18334   A $0   (1) 76028   (2) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YYYY) 3A. Deemed Execution Date, if any (MM/DD/YYYY) 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Employee Stock Option (1)   $9.01   10/7/2003     M        938    8/8/1988   (3) 7/5/2012   Common   938     (1) 2062   D    
Employee Stock Option (1)   $9.01   10/7/2003     M        6667    8/8/1988   (3) 2/27/2012   Common   6667     (1) 9333   D    
Employee Stock Option (1)   $9.01   10/7/2003     M        18334    8/8/1988   (4) 12/1/2009   Common   18334     (1) 0   D    

Explanation of Responses:
( 1)  Exercise of an incentive stock option
( 2)  Includes 15,923 common shares purchased under the Dendreon Employee Purchase Plan
( 3)  These options vest as follows: 25% after the first year and 1/36th each month thereafter.
( 4)  These options vest as follows: 25% after the first year and 1/24th each month thereafter.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GEORGE T DENNIS
12427 68TH AVE NE
KIRKLAND, WA 98034

SVP, Secretary and GC
Signatures
/s/ T. Dennis George 10/9/2003
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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