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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

BNP PARIBAS SECURITIES CORP

(Last)

(First)

(Middle)

787 SEVENTH AVE

(Street)

NEW YORK

10019

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MEDAREX INC [ MEDX ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2007

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)
MEDAREX INC	08/08/2007	08/08/2007	S		4,500	D	$16.44	14,295,504	D
MEDAREX INC	08/08/2007	08/08/2007	P		4,500	A	$16.45	14,300,004	D
MEDAREX INC	08/08/2007	08/08/2007	S		33,000	D	$17.38	15,951,304	D
MEDAREX INC	08/08/2007	08/08/2007	S		75,000	D	$17.43	16,039,104	D
MEDAREX INC	08/08/2007	08/08/2007	S		33,000	D	$17.38	16,006,104	D
MEDAREX INC	08/08/2007	08/08/2007	S		470,000	D	$16.62	15,536,104	D
MEDAREX INC	08/08/2007	08/08/2007	S		1,700,000	D	$17.01	13,836,104	D
MEDAREX INC	08/08/2007	08/08/2007	S		1,650,000	D	$17.01	12,186,104	D

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)
MEDAREX INC	$17.5	08/08/2007	08/08/2007	P		50		08/08/2007	01/18/2008	MEDAREX INC	5,000	$1.75	14,305,004	D
MEDAREX INC	$17.5	08/08/2007	08/08/2007	P		3,900		08/08/2007	01/18/2008	MEDAREX INC	390,000	$1.83	14,695,004	D
MEDAREX INC	$17.5	08/08/2007	08/08/2007	P		6,100		08/08/2007	01/18/2008	MEDAREX INC	610,000	$1.82	15,305,004	D
MEDAREX INC	$12.5	08/08/2007	08/08/2007	S		1,000		08/08/2007	01/19/2007	MEDAREX INC	100,000	$0.55	15,405,004	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		379		08/08/2007	01/19/2008	MEDAREX INC	37,900	$1.25	15,442,904	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		40		08/08/2007	01/19/2008	MEDAREX INC	4,000	$1.25	15,446,904	D
MEDAREX INC	$17.5	08/08/2007	08/08/2007	P			77	08/08/2007	11/17/2007	MEDAREX INC	7,700	$1.9	15,439,204	D
MEDAREX INC	$17.5	08/08/2007	08/08/2007	P			20	08/08/2007	11/17/2007	MEDAREX INC	2,000	$1.9	15,437,204	D
MEDAREX INC	$17.5	08/08/2007	08/08/2007	P			274	08/08/2007	11/17/2007	MEDAREX INC	27,400	$1.9	15,409,804	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		3,000		08/08/2007	01/18/2008	MEDAREX INC	300,000	$1.33	15,709,804	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		640		08/08/2007	09/22/2007	MEDAREX INC	64,000	$0.35	15,773,804	D
MEDAREX INC	$17.5	08/08/2007	08/08/2007	P		257		08/08/2007	11/17/2007	MEDAREX INC	25,700	$2	15,799,504	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		26		08/08/2007	01/19/2008	MEDAREX INC	2,600	$1.3	15,802,104	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		154		08/08/2007	01/19/2008	MEDAREX INC	15,400	$1.3	15,817,504	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		145		08/08/2007	01/19/2008	MEDAREX INC	14,500	$1.3	15,832,004	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		23		08/08/2007	01/19/2008	MEDAREX INC	2,300	$1.3	15,834,304	D
MEDAREX INC	$15	08/08/2007	08/08/2007	P			1,500	08/08/2007	11/16/2007	MEDAREX INC	150,000	$0.93	15,984,304	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		10		08/08/2007	01/19/2008	MEDAREX INC	1,000	$1.1	15,952,304	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		12		08/08/2007	01/19/2008	MEDAREX INC	1,200	$1.1	15,953,504	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		100		08/08/2007	01/19/2008	MEDAREX INC	10,000	$1.1	15,963,504	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		297		08/08/2007	01/19/2008	MEDAREX INC	29,700	$1.15	15,993,204	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		69		08/08/2007	01/19/2008	MEDAREX INC	6,900	$1.15	16,000,104	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		65		08/08/2007	01/19/2008	MEDAREX INC	6,500	$1.15	16,006,604	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		287		08/08/2007	01/19/2008	MEDAREX INC	28,700	$1.25	16,035,304	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		394		08/08/2007	01/19/2008	MEDAREX INC	39,400	$1.25	16,074,704	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		73		08/08/2007	01/19/2008	MEDAREX INC	7,300	$1.25	16,082,004	D
MEDAREX INC	$15	08/08/2007	08/08/2007	S		321		08/08/2007	01/19/2008	MEDAREX INC	32,100	$1.35	16,114,104	D

Explanation of Responses:

Remarks:

The last sale transaction of 1,650,000 shares noted herein brought the firm's ownership below 10% of total outstanding shares.

	Brenda Hinton	08/13/2007
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.