SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

COATS LONNEL

(Last)

(First)

(Middle)

8800 TECHNOLOGY FOREST PLACE

(Street)

THE WOODLANDS

77381

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
LEXICON PHARMACEUTICALS, INC. [ LXRX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/15/2017		P		300	A	$12.4866	3,285	D⁽¹⁾
Common Stock	09/15/2017		P		300	A	$12.485	3,585	D⁽¹⁾
Common Stock	09/15/2017		P		3,300	A	$12.52	6,885	D⁽¹⁾
Common Stock	09/15/2017		P		5,200	A	$12.54	12,085	D⁽¹⁾
Common Stock	09/15/2017		P		3,247	A	$12.5366	15,332	D⁽¹⁾
Common Stock	09/15/2017		P		4,253	A	$12.53	19,585	D⁽¹⁾
Common Stock	09/15/2017		P		400	A	$12.535	19,985	D⁽¹⁾
Common Stock	09/15/2017		P		2,400	A	$12.55	22,385	D⁽¹⁾
Common Stock	09/15/2017		P		1,951	A	$12.56	24,336	D⁽¹⁾
Common Stock	09/15/2017		P		2,000	A	$12.57	26,336	D⁽¹⁾
Common Stock	09/15/2017		P		600	A	$12.5166	26,936	D⁽¹⁾
Common Stock	09/15/2017		P		300	A	$12.5498	27,236	D⁽¹⁾
Common Stock	09/15/2017		P		1,200	A	$12.5766	28,436	D⁽¹⁾
Common Stock	09/15/2017		P		149	A	$12.5662	28,585	D⁽¹⁾
Common Stock	09/15/2017		P		194	A	$12.51	28,779	D⁽¹⁾
Common Stock	09/15/2017		P		400	A	$12.5162	29,179	D⁽¹⁾
Common Stock	09/15/2017		P		100	A	$12.515	29,279	D⁽¹⁾
Common Stock	09/15/2017		P		1,200	A	$12.519	30,479	D⁽¹⁾
Common Stock	09/15/2017		P		306	A	$12.537	30,785	D⁽¹⁾
Common Stock	09/15/2017		P		300	A	$12.5761	31,085	D⁽¹⁾
Common Stock	09/15/2017		P		300	A	$12.6466	31,385	D⁽¹⁾
Common Stock	09/15/2017		P		600	A	$12.6166	31,985	D⁽¹⁾
Common Stock	09/15/2017		P		300	A	$12.6161	32,285	D⁽¹⁾
Common Stock	09/15/2017		P		300	A	$12.6232	32,585	D⁽¹⁾
Common Stock	09/15/2017		P		400	A	$12.6361	32,985	D⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Since the date of Mr. Coats' last ownership report, he transferred 17,782 shares of common stock to his ex-wife pursuant to a domestic relations order. Mr. Coats no longer reports as beneficially owned any securities owned by his ex-wife.

	/s/ Lonnel Coats	09/15/2017
	** 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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