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 *
  Rifkin Jason Andrew
2. Date of Event Requiring Statement (Month/Day/Year)
12/15/2008
3. Issuer Name and Ticker or Trading Symbol
DELCATH SYSTEMS INC [DCTH]
(Last)
(First)
(Middle)
C/O DELCATH SYSTEMS, INC., 600 FIFTH AVENUE, 23RD FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. VP Clinical Oper. & Secy
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10020
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, par value $0.01 1,135
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
Stock Option   (1) 06/01/2012 Common Stock, par value $0.01 50,000 $ 4.52 D  
Stock Option 11/30/2007 11/30/2012 Common Stock, par value $0.01 20,000 $ 1.88 D  
Stock Option   (2) 05/01/2013 Common Stock, par value $0.01 20,000 $ 1.87 D  
Stock Option 01/01/2009 01/01/2014 Common Stock, par value $0.01 25,000 $ 1.43 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Rifkin Jason Andrew
C/O DELCATH SYSTEMS, INC.
600 FIFTH AVENUE, 23RD FLOOR
NEW YORK, NY 10020
      Sr. VP Clinical Oper. & Secy  

Signatures

/s/ Jason Rifkin 05/01/2009
**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) Options to purchase 8,333 shares became exercisable on each of December 1, 2007 and June 1, 2008. Options to purchase 16,667 shares will become exercisable on each of June 1, 2009 and June 1, 2010.
(2) Options to purchase 6,667 shares will become exercisable on each of May 1, 2010 and May 1, 2011 and options to purchase 6,666 shares will become exercisable on May 1, 2011.

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