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 *
  Neal James R
 2. Date of Event Requiring Statement (Month/Day/Year)
02/27/2014		 3. Issuer Name and Ticker or Trading Symbol
XOMA Corp [XOMA]
(Last)
(First)
(Middle)
C/O XOMA CORPORATION, 2910 SEVENTH STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP Business Development
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BERKELEY, CA 94710		 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 Shares 154,112 (1)
D
 
Common Shares 1,470
I
by 401(k)

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 Share Option (right to buy)   (2) 03/01/2020 Common Shares 1,041 $ 7.35 D  
Incentive Share Option (right to buy) 11/16/2013 11/16/2019 Common Shares 37,296 $ 10.725 D  
Non-Qualified Share Option (right to buy) 10/27/2013 10/27/2021 Common Shares 9,758 $ 1.69 D  
Non-Qualified Share Option (right to buy)   (3) 02/28/2023 Common Shares 23,563 $ 2.715 D  
Non-Qualified Share Option (right to buy)   (4) 07/19/2022 Common Shares 45,751 $ 3.53 D  
Non-Qualified Share Option (right to buy) 12/01/2013 03/01/2020 Common Shares 15,625 $ 7.35 D  
Non-Qualified Share Option (right to buy)   (5) 02/27/2024 Common Shares 45,000 $ 8.91 D  
Non-Qualified Share Option (right to buy) 11/16/2013 11/16/2019 Common Shares 16,037 $ 10.725 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Neal James R
C/O XOMA CORPORATION
2910 SEVENTH STREET
BERKELEY, CA 94710		       VP Business Development  

Signatures

By: Russell J. Wood For: James R. Neal 03/03/2014
**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) Represents shares directly owned by Mr. Neal as of February 27, 2014, the date on which Mr. Neal became a reporting person. These shares consist of (1) 15,334 shares acquired under XOMA's Employee Share Purchase Plan; and (2) 138,778 shares underlying restricted stock units awarded to Mr. Neal through February 27, 2014.
(2) Incentive Stock Option exercisable in installments of 347 shares per month beginning 1/1/2014 and ending 3/1/2014.
(3) Exercisable with respect to 1/48th of options in monthly increments beginning 3/28/2013 and ending 2/28/2017.
(4) Exercisable with respect to 1/48th of options in monthly increments beginning 8/19/2012 and ending 7/19/2016.
(5) Exercisable with respect to 1/48th of options in monthly increments beginning 3/27/2014 and ending 2/27/2018.

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