ALPHA PRO TECH LTD — Director's Dealing 2013

Sep 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALPHA PRO TECH LTD (APT)
CIK: 0000884269
Period of Report: 2013-09-03

Reporting Person: MILLAR AL (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-09-03	common stock	M	100000	$1.23	Acquired	1443459	Direct
2013-09-03	common stock	S	100000	$1.51	Disposed	1343459	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-09-03	employee stock options ( right to buy)	$1.23	M	33333	Disposed	2013-09-10	common stock (33333)	Direct
2013-09-03	employee stock options ( right to buy)	$1.23	M	33333	Disposed	2013-09-10	common stock (33333)	Direct
2013-09-03	employee stock options (right to buy)	$1.23	M	33334	Disposed	2013-09-10	common stock (33334)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	182727	Indirect

Footnotes

F1: This total reflects a decrease of 10,410 shares of common stock that have previously been reported as beneficially owned by the reporting person in the reporting person's Section 16 filings in error. These shares will not be included in the reporting person's beneficial ownership reporting calculation on an going-forward basis.

F2: This total also reflects the expiration and disposition of 100,000 stock options granted to the reporting person on August 23,2006 with an exercise price of $1.98, which expired on August 22, 2011 and 100,000 stock options granted to the reporting person on August 29,2007 with an exercise price of $1.50, which expired on August 29, 2012 (the "Expired Options "). The reporting person did not receive any value in connection with the expiration of the Expired Options; therefore, the resulting disposition of the Expired Options was exempt from Section 16(b) by virtue of Rule 16b-6(d) and further from the reporting requirements of Section 16(a) by virtue of Rule 16a-4(d), both rules promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended.