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 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Vahanian Nicholas N.
2. Issuer Name and Ticker or Trading Symbol

NEWLINK GENETICS CORP [ (NLNK) ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President
(Last)          (First)          (Middle)

C/O NEWLINK GENETICS CORPORATION, 2503 SOUTH LOOP DR., SUITE 5100
3. Date of Earliest Transaction (MM/DD/YYYY)

7/31/2019
(Street)

AMES, IA 50010
(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

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
Stock Option (Right to Buy)   $10.55   7/31/2019     D         312500      (1)   (2) Common Stock   312500.0     (3) 0   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      48828         (4) 7/31/2026   Common Stock   48828.0     (3) 48828   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      25820         (5) 7/31/2026   Common Stock   25820.0     (3) 25820   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      19532         (4) 7/31/2026   Common Stock   19532.0     (3) 19532   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      19532         (4) 7/31/2026   Common Stock   19532.0     (3) 19532   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      19531         (4) 7/31/2026   Common Stock   19531.0     (3) 19531   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      19531         (4) 7/31/2026   Common Stock   19531.0     (3) 19531   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      3477         (5) 7/31/2026   Common Stock   3477.0     (3) 3477   D    
Stock Option (Right to Buy)   $7.85   7/31/2019     D         126500      (6)   (2) Common Stock   126500.0     (3) 0   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      10542         (4) 7/31/2026   Common Stock   10542.0     (3) 10542   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      14926         (5) 7/31/2026   Common Stock   14926.0     (3) 14926   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      7907         (5) 7/31/2026   Common Stock   7907.0     (3) 7907   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      7907         (4) 7/31/2026   Common Stock   7907.0     (3) 7907   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      6158         (5) 7/31/2026   Common Stock   6158.0     (3) 6158   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      5275         (5) 7/31/2026   Common Stock   5275.0     (3) 5275   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      5269         (5) 7/31/2026   Common Stock   5269.0     (3) 5269   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      5269         (5) 7/31/2026   Common Stock   5269.0     (3) 5269   D    
Stock Option (Right to Buy)   $1.77   7/31/2019     A      100000   (7)        (8) 7/31/2026   Common Stock   100000.0   $0   100000   D    

Explanation of Responses:
(1)  The option provided that 50% of the option grant would vest in a series of 48 successive equal monthly installments beginning on February 3, 2017 and the remaining 50% would vest upon specified performance objectives, in each case, provided that at the relevant vesting dates the Reporting Person's continuous service to the Issuer has not been terminated as defined in or as determined under the Plan.
(2)  Unless otherwise disclosed, the option expires ten years after the date of grant.
(3)  On July 31, 2019, the issuer cancelled this option grant pursuant to the issuer's option exchange program. In exchange, for every two cancelled options, the reporting person received a replacement option having an exercise price of $1.77 per share.
(4)  The option vests as to 50% on the first anniversary of grant date and the remaining 50% on the second anniversary of grant date.
(5)  The option vests as to 50% on the second anniversary of grant date and the remaining 50% on the third anniversary of grant date.
(6)  The option provided that 50% of the option grant would vest in a series of 48 successive equal monthly installments beginning on April 9, 2018 and the remaining 50% would vest upon specified performance objectives, in each case, provided that as the relevant vesting dates the Reporting Person's continuous service to the Issuer has not been terminated as defined in or as determined under the Plan.
(7)  This option grant was detailed in the proxy statement and approved by the stockholders at the Annual Meeting on May 9, 2019.
(8)  The option vests as to 50% on the second anniversary of grant date, 25% on the third anniversary of grant date and the remaining 25% on the fourth anniversary of grant date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Vahanian Nicholas N.
C/O NEWLINK GENETICS CORPORATION
2503 SOUTH LOOP DR., SUITE 5100
AMES, IA 50010


President

Signatures
/s/ Ryan Trytten, attorney-in-fact 8/2/2019
** 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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