AMERICAN SHARED HOSPITAL SERVICES — Director's Dealing 2011

Jun 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK: 0000744825
Period of Report: 2011-06-09

Reporting Person: AMERICAN SHARED HOSPITAL SERVICES (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-09	STOCK OPTION (RIGHT TO BUY)	$3.15	A	3000	Acquired	2018-06-08	COMMON STOCK (3000)	Direct

Footnotes

F1: THE REPORTED STOCK OPTION WILL VEST IN FULL UPON THE EARLIER OF (I) THE REPORTING PERSON'S COMPLETION OF ONE YEAR OF SERVICE MEASURED FROM JUNE 9, 2011 OR (II) SUCH INDIVIDUAL'S CONTINUATION IN BOARD SERVICE THROUGH THE DAY IMMEDIATELY PRECEDING THE 2012 ANNUAL SHAREHOLDERS MEETING (THE "VESTING DATE").