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 *
ITRI LORETTTA M
  2. Issuer Name and Ticker or Trading Symbol
GENTA INC DE/ [GNTA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Pres. & CMO
(Last)
(First)
(Middle)
C/O GENTA INCORPORATED, 200 CONNELL DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2009
(Street)

BERKELEY HEIGHTS, NJ 07922
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 07/15/2009   C   3,112,500 A $ 0.1 5,450,568 (1) D  
Common Stock 07/15/2009   C   2,075,000 A $ 0.1 5,450,568 (2) I By Spouse's IRA

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
15% Senior Secured Convertible Promissory Note $ 0.1 07/15/2009   C     $ 311,250 10/07/2008 06/09/2010 Common Stock 3,112,500 $ 0 $ 2,214,413 D  
15% Senior Secured Convertible Promissory Note -June 9, 2010 $ 0.1 07/15/2009   C     $ 207,500 10/07/2008 06/09/2010 Common Stock 2,075,000 $ 0 $ 1,903,163 I By Spouse's IRA

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ITRI LORETTTA M
C/O GENTA INCORPORATED
200 CONNELL DRIVE
BERKELEY HEIGHTS, NJ 07922
      Pres. & CMO  

Signatures

 Loretta M. Itri   07/17/2009
**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) Includes 8,115 shares of common stock held in a joint account with Dr. Warrell, 3,114,224 shares held in Dr. Itri's IRA, and 2,113 shares of common sotck issuable upon exercise of currently exercisable stock options. Dr. Itri indirectly owns 2,759 shares of common stock held in Dr. Warrell's IRA of which Dr. Itri is the beneficiary. Also includes 116,718 shares of common stock issuable upon the conversion of Senior Secured Convertible Promissory Notes due June 9, 2010 (the Notes) and 2,206,639 shares of common stock issuable upon the conversion by Dr. Warrell of Notes.
(2) In addition to the securities included in footnote 1, this figure includes 2,075,000 shares of common stock that are held in Dr. Warrell's IRA. As a result of Dr. Warrell's conversion, only 131,638 shares of common stock are issuable upon conversion of Senior Secured Convertible Promissory Notes due June 9, 2010 by Dr. Warrell.
 
Remarks:
The subject of this Form 4 declaration - the conversion of convertible Notes into shares of Genta common stock - was made pursuant to an agreement signed by Drs. Itri and Warrell on July 6, 2009, which provided for conversion of a portion of their outstanding notes up to an ownership limitation of 4.999%. No indication regarding an intention to dispose of shares converted in this transaction at any particular time or time(s) should be inferred from this conversion.

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