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 *
BAKER CHARLES A
   2. Issuer Name and Ticker or Trading Symbol
REGENERON PHARMACEUTICALS INC [REGN] 		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)
777 OLD SAW MILL RIVER ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
03/24/2014
(Street)

TARRYTOWN, NY 10591		 4. If Amendment, Date 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
(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 03/24/2014   M(1)   15,000 A $ 23.84 24,000 D  
Common Stock 03/24/2014   S(1)   10,200 D $ 300.09 (2) 13,800 D  
Common Stock 03/24/2014   S(1)   700 D $ 301.12 (3) 13,100 D  
Common Stock 03/24/2014   S(1)   100 D $ 302.9 13,000 D  
Common Stock 03/24/2014   S(1)   300 D $ 303.64 (4) 12,700 D  
Common Stock 03/24/2014   S(1)   300 D $ 304.42 (5) 12,400 D  
Common Stock 03/24/2014   S(1)   200 D $ 305.25 (6) 12,200 D  
Common Stock 03/24/2014   S(1)   300 D $ 307.65 (7) 11,900 D  
Common Stock 03/24/2014   S(1)   400 D $ 308.25 (8) 11,500 D  
Common Stock 03/24/2014   S(1)   600 D $ 310.8 (9) 10,900 D  
Common Stock 03/24/2014   S(1)   1,200 D $ 311.46 (10) 9,700 D  
Common Stock 03/24/2014   S(1)   600 D $ 312.29 (11) 9,100 D  
Common Stock 03/24/2014   S(1)   100 D $ 313.4 9,000 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Non-Qualified Stock Option (right to buy) $ 23.84 03/24/2014   M(1)     15,000   (12) 01/02/2018 Common Stock 15,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BAKER CHARLES A
777 OLD SAW MILL RIVER ROAD
TARRYTOWN, NY 10591		   X      

Signatures

 /s/**Charles A. Baker   03/25/2014
**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) Disposition/acquisition made pursuant to a plan intended to comply with Rule 10b5-1(c).
(2) Represents volume-weighted average price of sales of 10,200 shares of Company stock on March 24, 2014 at prices ranging from $300.00 to $300.52. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on March 24, 2014 at each separate price.
(3) Represents volume-weighted average price of sales of 700 shares of Company stock on March 24, 2014 at prices ranging from $301.00 to $301.37. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on March 24, 2014 at each separate price.
(4) Represents volume-weighted average price of sales of 300 shares of Company stock on March 24, 2014 at prices ranging from $303.56 to $303.71. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on March 24, 2014 at each separate price.
(5) Represents volume-weighted average price of sales of 300 shares of Company stock on March 24, 2014 at prices ranging from $304.24 to $304.73. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on March 24, 2014 at each separate price.
(6) Represents volume-weighted average price of sales of 200 shares of Company stock on March 24, 2014 at prices ranging from $305.00 to $305.50. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on March 24, 2014 at each separate price.
(7) Represents volume-weighted average price of sales of 300 shares of Company stock on March 24, 2014 at prices ranging from $307.62 to $307.67. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on March 24, 2014 at each separate price.
(8) Represents volume-weighted average price of sales of 400 shares of Company stock on March 24, 2014 at prices ranging from $308.00 to $308.61. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on March 24, 2014 at each separate price.
(9) Represents volume-weighted average price of sales of 600 shares of Company stock on March 24, 2014 at prices ranging from $310.65 to $310.92. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on March 24, 2014 at each separate price.
(10) Represents volume-weighted average price of sales of 1,200 shares of Company stock on March 24, 2014 at prices ranging from $311.00 to $311.96. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on March 24, 2014 at each separate price.
(11) Represents volume-weighted average price of sales of 600 shares of Company stock on March 24, 2014 at prices ranging from $312.00 to $312.70. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on March 24, 2014 at each separate price.
(12) The stock option becomes exercisable in three equal annual installments, commencing one year after the date of grant.

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