Axogen, Inc. — Director's Dealing 2011

Jan 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LECTEC CORP /MN/ (LECT)
CIK: 0000805928
Period of Report: 2011-01-26

Reporting Person: Hellervik Lowell Waldo (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-26	Stock Option (Right to Buy)	$3.50	A	20000	Acquired	2018-01-26	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15500	Direct

Footnotes

F1: Exercisable as to 5,000 shares on each of 1/26/2011, 4/26/2011, 7/26/2011 and 10/26/2011.