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 *

URDAL DAVID
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, Chief Scientific Officer
(Last)          (First)          (Middle)

3005 FIRST AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/4/2009
(Street)

SEATTLE, WA 98121
(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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/4/2009     M    62412   A $14.0625   725011   D    
Common Stock   5/4/2009     S    62412   D $21.2840   662599   D    
Common Stock   5/4/2009     M    89144   A $4.9500   751743   D    
Common Stock   5/4/2009     S    89144   D $21.2840   662599   D    
Common Stock   5/4/2009     M    85920   A $5.7400   748519   D    
Common Stock   5/4/2009     S    85920   D $21.2840   662599   D    
Common Stock   5/4/2009     M    30000   A $7.5600   692599   D    
Common Stock   5/4/2009     S    30000   D $21.2840   662599   D    
Common Stock   5/4/2009     M    12373   A $4.9000   674972   D    
Common Stock   5/4/2009     S    12373   D $21.2840   662599   D    
Common Stock   5/4/2009     M    45618   A $9.7700   708217   D    
Common Stock   5/4/2009     S    45618   D $21.2840   662599   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. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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
Non-Qualified Stock Option (right to buy)   $4.9000   5/4/2009           12373      (1) 12/5/2017   Common Stock   12373   $21.2840   24747   D    
Non-Qualified Stock Option (right to buy)   $4.9500   5/4/2009           89144      (1) 2/27/2012   Common Stock   89144   $21.2840   0   D    
Non-Qualified Stock Option (right to buy)   $5.7400   5/4/2009           85920      (1) 1/1/2013   Common Stock   85920   $21.2840   0   D    
Non-Qualified Stock Option (right to buy)   $7.5600   5/4/2009           30000      (1) 12/10/2013   Common Stock   30000   $21.2840   0   D    
Non-Qualified Stock Option (right to buy)   $9.7700   5/4/2009           45618      (1) 12/8/2014   Common Stock   45618   $21.2840   0   D    
Non-Qualified Stock Option (right to buy)   $14.0625   5/4/2009           62412      (1) 12/14/2010   Common Stock   62412   $21.2840   0   D    

Explanation of Responses:
( 1)  These options vest as follows: 25% of the total number of shares on the first anniversary date and, thereafter, at a rate of 1/36 of the total number of shares in equal monthly installments.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
URDAL DAVID
3005 FIRST AVENUE
SEATTLE, WA 98121


SVP, Chief Scientific Officer

Signatures
Greg Cox For: David Urdal 5/5/2009
** 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).
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