Axogen, Inc. — Director's Dealing 2011

Feb 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LECTEC CORP /MN/ (LECT)
CIK: 0000805928
Period of Report: 2011-02-18

Reporting Person: Salovich Elmer (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-18	Stock Option (Right to Buy)	$3.50	A	20000	Acquired	2018-02-18	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100000	Direct

Footnotes

F1: Option vests in cumulative incremental installments of 25% beginning the date shown and for each of the following three quartes.