Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
VANTAGEPOINT VENTURE ASSOCIATES IV LLC
  2. Issuer Name and Ticker or Trading Symbol
Anthera Pharmaceuticals Inc [ANTH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1001 BAYHILL DRIVE, SUITE 300
3. Date of Earliest Transaction (Month/Day/Year)
07/07/2011
(Street)

SAN BRUNO, CA 94066
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock 07/07/2011   M   9,248 (6) A $ 1.34 5,347,213 D (7)  
Common Stock 07/07/2011   M   3,115 (6) A $ 1.51 5,350,328 D (7)  
Common Stock 07/07/2011   M   7,200 (6) A $ 4.19 5,357,528 D (7)  

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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 Underlying Securities
(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 Options $ 1.34 07/07/2011   M     11,560 (1)   (2) 02/21/2018 Common Stock 11,560 $ 1.34 3,042 I By: Annette Bianchi (3)
Stock Options $ 1.51 07/07/2011   M     3,894 (1)   (4) 02/18/2019 Common Stock 3,894 $ 1.51 1,947 I By: Annette Bianchi (3)
Stock Options $ 4.19 07/07/2011   M     9,000 (1)   (5) 09/30/2020 Common Stock 9,000 $ 4.19 3,000 I By: Annette Bianchi (3)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
VANTAGEPOINT VENTURE ASSOCIATES IV LLC
1001 BAYHILL DRIVE, SUITE 300
SAN BRUNO, CA 94066
    X    
VANTAGEPOINT VENTURE PARTNERS IV Q LP
1001 BAYHILL DRIVE, SUITE 300
SAN BRUNO, CA 94066
    X    
VANTAGEPOINT VENTURE PARTNERS IV LP
1001 BAYHILL DRIVE, SUITE 300
SAN BRUNO, CA 94066
    X    
VANTAGEPOINT VENTURE PARTNERS IV PRINCIPALS FUND LP
1001 BAYHILL DRIVE, SUITE 300
SAN BRUNO, CA 94066
    X    
SALZMAN ALAN E
1001 BAYHILL DRIVE, SUITE 300
SAN BRUNO, CA 94066
    X    

Signatures

 VantagePoint Venture Associates IV, L.L.C., By: Alan E. Salzman, Managing Member   07/11/2011
**Signature of Reporting Person Date

 VantagePoint Venture Partners IV (Q), L.P., By: VantagePoint Venture Associates IV, L.L.C., By: Alan E. Salzman, Managing Member   07/11/2011
**Signature of Reporting Person Date

 VantagePoint Venture Partners IV, L.P., By: VantagePoint Venture Associates IV, L.L.C., By: Alan E. Salzman, Managing Member   07/11/2011
**Signature of Reporting Person Date

 VantagePoint Venture Partners IV Principals Fund, L.P., By: VantagePoint Venture Associates IV, L.L.C., By: Alan E. Salzman, Managing Member   07/11/2011
**Signature of Reporting Person Date

 Alan E. Salzman   07/11/2011
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) All Reporting Owners are disposing of the derivative security.
(2) Option to purchase 14,602 shares granted February 21, 2008. Options vested over time. Currently exercisable as to 11,560 shares.
(3) VantagePoint Venture Associates IV, L.L.C. has the sole power to exercise the options, and sole voting and investment power with respect to the shares underlying the options. Ms. Bianchi disclaims beneficial ownership thereof except to the extent of her pecuniary interest therein.
(4) Option to purchase 5,841 shares granted February 18, 2009. Options vested over time. Currently exercisable as to 3,894 shares.
(5) Option to purchase 12,000 shares granted September 30, 2010. Options vested over time. Currently exercisable as to 9,000 shares.
(6) Only VantagePoint Venture Associates IV, L.L.C. and its managing member, Alan E. Salzman, are acquiring beneficial ownership of these shares of Common Stock.
(7) (D) - Direct ownership by VantagePoint Venture Associates IV, L.L.C. (I) - Indirect ownership by Alan E. Salzman

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