UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 29, 2010 (March 15, 2010)

PROTEIN POLYMER TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Charter)
 
Delaware
  
000-19724
  
33-0311631
(State or Other Jurisdiction of Incorporation)
  
(Commission
File Number)
  
(IRS Employer
Identification No.)

11494 Sorrento Valley Road, San Diego, CA
  
92121
(Address of Principal Executive Offices)
  
(Zip Code)

Registrant’s Telephone Number, Including Area Code: (858) 558-6064

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective March 15, 2010, Richard Adelson resigned his position as a member of the Board of Directors (the “Board”) of Protein Polymer Technologies, Inc. (the “Company”).  Such resignation includes his positions as a member of both the Audit Committee and Compensation Committee of the Board of the Company.  Mr. Adelson’s resignation was not the result of any known disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

Effective March 15, 2010, Allan Farber resigned his position as a member of the Board of the Company.  Such resignation includes his positions as a member of both the Audit Committee and Compensation Committee of the Board of the Company.  Mr. Farber’s resignation was not the result of any known disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

Effective March 15, 2010, Kerry L. Kuhn, M.D., resigned his position as a member of the Board of the Company.  Such resignation includes his position as a member of the Compensation Committee of the Board of the Company.  Dr. Kuhn’s resignation was not the result of any known disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

The Company has not yet identified suitable individuals to fill the Board seats vacated by Mr. Adelson, Mr. Farber, and Dr. Kuhn.

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
     
 
PROTEIN POLYMER TECHNOLOGIES, INC.
     
Date: March 29, 2010
By:  
/S/ JAMES B. MCCARTHY
 
James B. McCarthy
Interim Chief Executive Officer
 
 
 
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