SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Form 3 Holdings Reported.
X
Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
ANDREEFF DANE
(Last) (First) (Middle)
C/O ANDREEFF EQUITY ADVISORS LLC
450 LAUREL ST STE 2105
(Street)
BATON ROUGE LA 70801
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Ardea Biosciences, Inc./DE [ ARDC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 02/13/2006 ( 2 ) P4 6,164 A $3.5 1,203,848 I See footnote ( 1 )
Common Stock 04/04/2006 P4 165 A $3.55 1,203,848 I See footnote ( 1 )
Common Stock 04/05/2006 P4 842 A $3.55 1,203,848 I See footnote ( 1 )
Common Stock 04/17/2006 P4 722 A $3.65 1,203,848 I See footnote ( 1 )
Common Stock 04/18/2006 P4 19 A $3.65 1,203,848 I See footnote ( 1 )
Common Stock 04/19/2006 P4 389 A $3.65 1,203,848 I See footnote ( 1 )
Common Stock 04/20/2006 P4 25 A $3.65 1,203,848 I See footnote ( 1 )
Common Stock 04/21/2006 P4 107 A $3.65 1,203,848 I See footnote ( 1 )
Common Stock 04/30/2006 P4 226 A $5.4766 1,203,848 I See footnote ( 1 )
Common Stock 06/01/2006 S4 1,647 D $3.4638 1,203,848 I See footnote ( 1 )
Common Stock 01/03/2007 S4 2,541 D $4.2944 1,203,848 I See footnote ( 1 )
Common Stock 01/31/2007 S4 2,232 D $5.65 1,203,848 I See footnote ( 1 )
Common Stock 04/02/2007 S4 311 D $4.758 1,203,848 I See footnote ( 1 )
Common Stock 05/02/2007 S4 163 D $5.51 1,203,848 I See footnote ( 1 )
Common Stock 02/13/2006 ( 2 ) P4 100,417 A $3.5 1,203,848 I See footnote ( 1 )
Common Stock 04/03/2006 P4 17,205 A $3.54 1,203,848 I See footnote ( 1 )
Common Stock 04/04/2006 P4 2,842 A $3.55 1,203,848 I See footnote ( 1 )
Common Stock 04/05/2006 P4 14,494 A $3.55 1,203,848 I See footnote ( 1 )
Common Stock 04/10/2006 P4 11,756 A $3.61 1,203,848 I See footnote ( 1 )
Common Stock 04/11/2006 P4 4,114 A $3.62 1,203,848 I See footnote ( 1 )
Common Stock 04/17/2006 P4 12,453 A $3.65 1,203,848 I See footnote ( 1 )
Common Stock 04/18/2006 P4 2,226 A $3.65 1,203,848 I See footnote ( 1 )
Common Stock 04/19/2006 P4 6,699 A $3.65 1,203,848 I See footnote ( 1 )
Common Stock 04/20/2006 P4 425 A $3.65 1,203,848 I See footnote ( 1 )
Common Stock 04/21/2006 P4 1,842 A $3.65 1,203,848 I See footnote ( 1 )
Common Stock 08/01/2006 P4 17,554 A $3.7499 1,203,848 I See footnote ( 1 )
Common Stock 06/01/2006 S4 27,362 D $3.4638 1,203,848 I See footnote ( 1 )
Common Stock 01/03/2007 S4 27,456 D $4.2944 1,203,848 I See footnote ( 1 )
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)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This transaction was made by a fund that is not, itself, a 10% owner of the issuer's securities. The reporting person is reporting this transaction because he is the managing member of the fund's general partner and thus may be deemed an indirect beneficial owner of the fund's holdings. When these holdings are aggregated with the reporting person's other indirect holdings of this issuer's securities, he may be deemed an indirect beneficial owner of 10% or more of the issuer's securities.
2. The reporting person may be deemed to have become a 10% owner of the issuer's securities on this date. These holdings were reportable on a Form 3. The SEC's reporting system would not accept that form type to be listed in Table 1 of this Form 5 filing.
/s/ Dane Andreeff 06/07/2007
** 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).
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