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 *

Frieberg Jacob B.
2. Issuer Name and Ticker or Trading Symbol

VACCINEX, INC. [ VCNX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

C/O VACCINEX, INC., 1895 MOUNT HOPE AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

12/31/2020
(Street)

ROCHESTER, NY 14620
(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         52866 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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Option (Right to Acquire) (1) (1)           (1) (1)Common Stock 4420  44200 D  
Option (Right to Acquire) (1) (1)           (1) (1)Common Stock 4420  44200 I By Benbow Estates, Ltd. (2)
Option (Right to Acquire) (3) (3)           (3) (3)Common Stock 4121  75000 I By Gee Eff Services Limited (4)
Stock Option (Right to Buy) $13.60            (5)9/15/2027 Common Stock 6396  6396 D  
Stock Option (Right to Buy) $5.26            (5)3/30/2029 Common Stock 2501  2501 D  
Stock Option (Right to Buy) $7.78            (5) (6)Common Stock 7718  7718 D  
Stock Option (Right to Buy) $5.52            (5)6/29/2029 Common Stock 2385  2385 D  
Stock Option (Right to Buy) $7.17            (5)9/27/2029 Common Stock 1856  1856 D  
Stock Option (Right to Buy) $4.85            (5)12/28/2029 Common Stock 2737  2737 D  
Stock Option (Right to Buy) $4.00            (5)3/29/2030 Common Stock 3336  3336 D  
Stock Option (Right to Buy) $3.95           5/14/2021  (7)Common Stock 15679  15679 D  
Stock Option (Right to Buy) $3.61            (5)6/28/2030 Common Stock 3756  3756 D  
Stock Option (Right to Buy) $1.78            (5)9/28/2030 Common Stock 7626  7626 D  
Stock Option (Right to Buy) $2.07 12/31/2020  A   6545    12/31/2020 12/29/2030 Common Stock 6545 $0.0 (8)6545 D  

Explanation of Responses:
(1) Limited partnership units of Vaccinex Products, LP, which are presently exchangeable into shares of Common Stock on a 1-for-10 basis at the holder's option.
(2) Mr. Frieberg's spouse is the owner of Benbow Estates, Ltd. and Mr. Frieberg is an officer of Benbow Estates, Ltd. Mr. Frieberg disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
(3) Partnership interests in VX3 (DE) LP, or VX3, which are presently exchangeable into shares of Common Stock on a 1-for-0.05495 basis at the holder's option. On August 13, 2018, Gee Eff Services Limited entered into an exchange agreement with the Issuer and the other partners of VX3 that provides each VX3 partner the right to exchange all, but not less than all, of its partnership interests in VX3 for shares of Common Stock. The option has no expiration date.
(4) Mr. Frieberg is the sole owner and President of Gee Eff Services Limited.
(5) Exercisable in full as of the date of this report.
(6) This option expires on May 14, 2029 or five years following retirement or cessation of services, whichever occurs first.
(7) This option expires on May 12, 2030 or five years following retirement or cessation of services, whichever occurs first.
(8) Pursuant to the Issuer's Director Compensation Program, in a transaction exempt under Rule 16b-3, the reporting person elected to receive these options in lieu of $8,750 for retainer and meeting fees during the fourth quarter of 2020. The number of options was calculated in accordance with the Black-Scholes valuation model and all such options are immediately exercisable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Frieberg Jacob B.
C/O VACCINEX, INC.
1895 MOUNT HOPE AVENUE
ROCHESTER, NY 14620
X



Signatures
/s/ Scott E. Royer, Attorney-in-Fact for Jacob B. Frieberg1/4/2021
**Signature of Reporting PersonDate

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