-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-10-060996.txt : 20101213
<SEC-HEADER>0001181431-10-060996.hdr.sgml : 20101213
<ACCEPTANCE-DATETIME>20101213141955
ACCESSION NUMBER: 0001181431-10-060996
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20101209
FILED AS OF DATE: 20101213
DATE AS OF CHANGE: 20101213
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LEA GREGORY S
CENTRAL INDEX KEY: 0001218536
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33818
FILM NUMBER: 101247520
MAIL ADDRESS:
STREET 1: C/O PEMSTAR INC
STREET 2: 3535 TECHNOLOGY DR NW
CITY: ROCHESTER
STATE: MN
ZIP: 55901
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: EnteroMedics Inc
CENTRAL INDEX KEY: 0001371217
STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
IRS NUMBER: 000000000
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2800 Patton Rd
CITY: St Paul
STATE: MN
ZIP: 55113
MAIL ADDRESS:
STREET 1: 2800 Patton Rd
CITY: St Paul
STATE: MN
ZIP: 55113
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd293776.xml
<DESCRIPTION>LEA FORM 4 DECEMBER 2010 PURCHASE
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
<schemaVersion>X0303</schemaVersion>
<documentType>4</documentType>
<periodOfReport>2010-12-09</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
<issuer>
<issuerCik>0001371217</issuerCik>
<issuerName>EnteroMedics Inc</issuerName>
<issuerTradingSymbol>ETRM</issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001218536</rptOwnerCik>
<rptOwnerName>LEA GREGORY S</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>2800 PATTON ROAD</rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity>MINNEAPOLIS</rptOwnerCity>
<rptOwnerState>MN</rptOwnerState>
<rptOwnerZipCode>55113</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>1</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle>Sr Vice Pres and CFO</officerTitle>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable>
<nonDerivativeTransaction>
<securityTitle>
<value>Common Stock</value>
</securityTitle>
<transactionDate>
<value>2010-12-09</value>
</transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>P</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value>10000</value>
</transactionShares>
<transactionPricePerShare>
<value>1.74</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>13250</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
</nonDerivativeTable>
<derivativeTable>
<derivativeHolding>
<securityTitle>
<value>Stock Option (right to buy)</value>
</securityTitle>
<conversionOrExercisePrice>
<value>1.90</value>
</conversionOrExercisePrice>
<exerciseDate>
<value>2010-10-29</value>
<footnoteId id="F2"/>
</exerciseDate>
<expirationDate>
<value>2017-10-29</value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>16711</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>16711</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding>
<securityTitle>
<value>Stock Option (right to buy)</value>
</securityTitle>
<conversionOrExercisePrice>
<value>1.90</value>
</conversionOrExercisePrice>
<exerciseDate>
<value>2010-10-29</value>
<footnoteId id="F2"/>
</exerciseDate>
<expirationDate>
<value>2017-10-29</value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>3913</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>3913</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding>
<securityTitle>
<value>Stock Option (right to buy)</value>
</securityTitle>
<conversionOrExercisePrice>
<value>1.90</value>
</conversionOrExercisePrice>
<exerciseDate>
<value>2010-10-29</value>
<footnoteId id="F2"/>
</exerciseDate>
<expirationDate>
<value>2017-10-29</value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>16118</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>16118</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding>
<securityTitle>
<value>Common Stock Warrant</value>
</securityTitle>
<conversionOrExercisePrice>
<value>8.28</value>
</conversionOrExercisePrice>
<exerciseDate>
<value>2009-08-24</value>
</exerciseDate>
<expirationDate>
<value>2013-02-24</value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>1374</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>1374</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding>
<securityTitle>
<value>Stock Option (right to buy)</value>
</securityTitle>
<conversionOrExercisePrice>
<value>1.90</value>
</conversionOrExercisePrice>
<exerciseDate>
<value>2010-10-29</value>
<footnoteId id="F2"/>
</exerciseDate>
<expirationDate>
<value>2017-10-29</value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>14597</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>14597</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding>
<securityTitle>
<value>Stock Option (Right to Buy)</value>
</securityTitle>
<conversionOrExercisePrice>
<value>3.78</value>
</conversionOrExercisePrice>
<exerciseDate>
<value>2009-11-18</value>
<footnoteId id="F1"/>
</exerciseDate>
<expirationDate>
<value>2019-11-18</value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>16666</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>16666</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeTransaction>
<securityTitle>
<value>Warrant (Common Stock)</value>
</securityTitle>
<conversionOrExercisePrice>
<value>2.19</value>
</conversionOrExercisePrice>
<transactionDate>
<value>2010-12-09</value>
</transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>P</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value>10000</value>
</transactionShares>
<transactionPricePerShare>
<value>.01</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<footnoteId id="F3"/>
</exerciseDate>
<expirationDate>
<footnoteId id="F4"/>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>10000</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>10000</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
</derivativeTable>
<footnotes>
<footnote id="F1">25% vests immediately and the remaining 75% vests on 11/15/2010; 100% of unvested shares become vested upon change in control.</footnote>
<footnote id="F2">Options vest 33% on date noted and thereafter at 1/24th per month.</footnote>
<footnote id="F3">Warrant becomes exercisable 181 days from the date of issuance at close of offering.</footnote>
<footnote id="F4">Warrant expires five years from date it first becomes exercisable.</footnote>
</footnotes>
<ownerSignature>
<signatureName>/s/ Greg S. Lea</signatureName>
<signatureDate>2010-12-10</signatureDate>
</ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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