Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  HURLEY MARJORIE
2. Date of Event Requiring Statement (Month/Day/Year)
05/03/2005
3. Issuer Name and Ticker or Trading Symbol
NEOSE TECHNOLOGIES INC [NTEC]
(Last)
(First)
(Middle)
102 WITMER ROAD
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HORSHAM, PA 19044
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 6,096
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy)   (1) 12/06/2005 Common Stock 5,000 $ 9 D  
Incentive Stock Option (right to buy)   (1) 12/02/2006 Common Stock 10,000 $ 15.125 D  
Incentive Stock Option (right to buy)   (1) 12/19/2007 Common Stock 10,000 $ 13.625 D  
Incentive Stock Option (right to buy)   (1) 12/02/2008 Common Stock 7,664 $ 13.5 D  
Non-Qualified Stock Option (right to buy)   (1) 12/02/2008 Common Stock 2,336 $ 13.5 D  
Incentive Stock Option (right to buy)   (1) 12/07/2009 Common Stock 5,625 $ 14 D  
Non-Qualified Stock Option (right to buy)   (1) 12/07/2009 Common Stock 1,875 $ 14 D  
Incentive Stock Option (right to buy)   (1) 12/21/2010 Common Stock 6,597 $ 28.75 D  
Non-Qualified Stock Option (right to buy)   (1) 12/21/2010 Common Stock 3,403 $ 28.75 D  
Incentive Stock Option (right to buy)   (2) 12/13/2011 Common Stock 4,033 $ 29 D  
Non-Qualified Stock Option (right to buy)   (1) 12/13/2011 Common Stock 7,967 $ 29 D  
Incentive Stock Option (right to buy)   (3) 05/27/2012 Common Stock 4,872 $ 11.61 D  
Non-Qualified Stock Option (right to buy)   (4) 05/27/2012 Common Stock 10,128 $ 11.61 D  
Incentive Stock Option (right to buy)   (5) 02/12/2013 Common Stock 10,001 $ 7.45 D  
Non-Qualified Stock Option (right to buy)   (1) 02/12/2013 Common Stock 9,999 $ 7.45 D  
Incentive Stock Option (right to buy)   (6) 02/03/2014 Common Stock 11,644 $ 11.68 D  
Non-Qualified Stock Option (right to buy)   (7) 02/03/2014 Common Stock 8,356 $ 11.68 D  
Non-Qualified Stock Option (right to buy)   (8) 02/24/2015 Common Stock 20,000 $ 4.22 D  
Restricted Stock Unit   (9)   (9) Common Stock 6,494 $ 0 (9) D  
Restricted Stock Unit   (10)   (10) Common Stock 6,303 $ 0 (10) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HURLEY MARJORIE
102 WITMER ROAD
HORSHAM, PA 19044
      Vice President  

Signatures

By: Scott R. Jones for Marjorie A. Hurley 05/12/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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 options are currently exercisable as of the date of this Form 3.
(2) 1,033 options are exercisable as of the date of this Form 3. The remaining 3,000 options will become exercisable on December 13, 2005.
(3) 3 options are exercisable as of the date of this Form 3. Of the remaining 4,869 options, 1,119 will become exercisable on May 27, 2005 and 3,750 will become exercisable on May 27, 2006.
(4) 7,497 options are exercisable as of the date of this Form 3. The remaining 2,631 options will become exercisable on May 27, 2005.
(5) 1 option is exercisable as of the date of this Form 3. Of the remaining 10,000 options, 5,000 will become exercisable on February 12, 2006 and 5,000 will become exercisable on February 12, 2007.
(6) None of the options are currently exercisable. 1,644 options will become exercisable on February 3, 2006, 5,000 options will become exercisable on February 3, 2007 and 5,000 will become exercisable on February 3, 2008.
(7) 5,000 options are exercisable as of the date of this Form 3. The remaining 3,356 options will become exercisable on February 3, 2006.
(8) None of the options are currently exercisable. 5,000 options will become exercisable on each of February 24, 2006, February 24, 2007, February 24, 2008 and February 24, 2009.
(9) The award is a restricted stock unit representing a contractual right to the delivery of the above-specified number of shares of the Company's common stock on a future date. The right to the shares vests, based on the continued service of the grantee, in quarterly installments over the year following the date of grant, subject to acceleration upon a change in control of the Company. The actual delivery of the shares will occur upon the earliest of (i) cessation of service, (ii) 18 months following the date of grant, or (iii) a change in control of the Company.
(10) The award is a restricted stock unit representing a contractual right to the delivery of the above-specified number of shares of the Company's common stock on a future date. The right to the shares vests, based on the continued service of the grantee, on the first anniversary of the date of grant, subject to acceleration upon a change in control of the Company. The actual delivery of the shares will occur upon the earliest of (i) cessation of service, (ii) 18 months following the date of grant, or (iii) a change in control of the Company.
 
Remarks:
Ms. Hurley once again became subject to the reporting requirements of Section 16 on May 3, 2005.

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