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 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 *
MICROVISION INC
   2. Issuer Name and Ticker or Trading Symbol
LUMERA CORP [LMRA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
19910 NORTH CREEK PARKWAY		 3. Date of Earliest Transaction (Month/Day/Year)
03/11/2005
(Street)

BOTHELL, WA 98011		 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
Senior Secured Exchangeable Convertible Note $ 5.64 (1) 03/11/2005   S     1 (1) 03/11/2005 03/15/2007 Common Stock 525,000 (1) $ 3,000,000 (2) 0 (1) D (1)  
Senior Secured Exchangeable Convertible Note $ 5.64 (1) 03/11/2005   S     1 (1) 03/11/2005 03/15/2007 Common Stock 525,000 (1) $ 3,000,000 (2) 0 (1) D (1)  
Senior Secured Exchangeable Convertible Note $ 5.64 (1) 03/11/2005   S     1 (1) 03/11/2005 03/15/2007 Common Stock 350,000 (1) $ 2,000,000 (2) 0 (1) D (1)  
Senior Secured Exchangeable Convertible Note $ 5.64 (1) 03/11/2005   S     1 (1) 03/11/2005 03/15/2007 Common Stock 350,000 (1) $ 2,000,000 (2) 0 (1) D (1)  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MICROVISION INC
19910 NORTH CREEK PARKWAY
BOTHELL, WA 98011		     X    

Signatures

 /s/ Thomas M. Walker   03/15/2005
**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) Microvision, Inc. (the "Company") has sold to four institutional investors senior secured exchangeable convertible notes (the "Notes") which are exchangeable into shares of common stock of Lumera Corporation ("Lumera") owned by the Company (the "Lumera Shares") based on a fixed exchange price of $5.64 per share. Under certain circumstances, the Company may repay principal on the Notes with the Lumera Shares. If so, such payment will be issued at a 10% discount to the arithmetic average of the volume-weighted average prices of the 15 trading days prior to the payment date. The maximum number of Lumera Shares available for exchange and for repayment of principal is 1,750,000 shares.
(2) Principal amount of Note.

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