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 *
Levin Ben
  2. Issuer Name and Ticker or Trading Symbol
CYTRX CORP [CYTR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
GC/VP Legal Affairs/Secy
(Last)
(First)
(Middle)
11726 SAN VICENTE BLVD., SUITE 653
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2009
(Street)

LOS ANGELES, CA 90049
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

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
Stock Option (right to buy) $ 1.39 07/01/2009   D(1)     160,000   (1) 07/14/2014 Common Stock 160,000 (1) 0 D  
Stock Option (right to buy) $ 1.15 07/01/2009   A(1)   160,000     (1) 07/14/2014 Common Stock 160,000 (1) 160,000 D  
Stock Option (right to buy) $ 1.38 07/01/2009   D(2)     90,000   (2) 06/15/2016 Common Stock 90,000 (2) 0 D  
Stock Option (right to buy) $ 1.15 07/01/2009   A(2)   90,000     (2) 06/15/2016 Common Stock 90,000 (2) 90,000 D  
Stock Option (right to buy) $ 4.51 07/01/2009   D(3)     100,000   (3) 04/17/2017 Common Stock 100,000 (3) 0 D  
Stock Option (right to buy) $ 1.15 07/01/2009   A(3)   100,000     (3) 04/17/2017 Common Stock 100,000 (3) 100,000 D  
Stock Option (right to buy) $ 1.21 07/01/2009   D(4)     100,000   (4) 04/06/2018 Common Stock 100,000 (4) 0 D  
Stock Option (right to buy) $ 1.15 07/01/2009   A(4)   100,000     (4) 04/06/2018 Common Stock 100,000 (4) 100,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Levin Ben
11726 SAN VICENTE BLVD., SUITE 653
LOS ANGELES, CA 90049
      GC/VP Legal Affairs/Secy  

Signatures

 /s/ Ben Levin   07/02/2009
**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) The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on July 20, 2004 and provided for equal monthly vesting over three years beginning July 15, 2005. The replacement option provides vesting in full on December 31, 2009, provided Reporting Person remains in continuous employ of Issuer.
(2) The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on June 16, 2006 and provided for equal monthly vesting over three years beginning July 16, 2006. The replacement option provides vesting in full on December 31, 2009, provided Reporting Person remains in continuous employ of Issuer.
(3) The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on April 18, 2007 and provided for equal monthly vesting over three years beginning May 28, 2007. The replacement option provides vesting as to twenty-six monthly installments on December 31, 2009, and the remainder to vest monthly for ten months beginning January 28, 2010, provided Reporting Person remains in continuous employ of Issuer.
(4) The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on April 7, 2008 and provided for equal monthly vesting over three years beginning May 7, 2008. The replacement option provides vesting of fourteen months of the option on December 31, 2009 and the remaining shares to vest monthly for twenty-two months beginning January 7, 2020, provided Reporting Person remains in continuous employ of Issuer.

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