Axogen, Inc. — Director's Dealing 2012

Jan 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AxoGen, Inc. (AXGN)
CIK: 0000805928
Period of Report: 2011-12-23

Reporting Person: Friedman Mark Louis (Vice President of RA/QA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-23	Common Stock	M	3727	$0.27	Acquired	3727	Direct
2011-12-23	Common Stock	M	1028	$0.27	Acquired	4755	Direct
2011-12-23	Common Stock	M	601	$0.27	Acquired	5356	Direct
2011-12-23	Common Stock	M	309	$0.27	Acquired	5665	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-23	Employee Stock Option (right to buy)	$0.27	M	3727	Disposed	2016-10-17	Common Stock (3727)	Direct
2011-12-23	Employee Stock Option (right to buy)	$0.27	M	1028	Disposed	2017-04-27	Common Stock (1028)	Direct
2011-12-23	Employee Stock Option (right to buy)	$0.27	M	601	Disposed	2017-12-06	common stock (601)	Direct
2011-12-23	Employee Stock Option (right to buy)	$0.27	M	309	Disposed	2018-11-18	common stock (309)	Direct

Footnotes

F1: Acquired through exercise of vested portion of stock options.

F2: These options vest semi-annually over four years from the date of grant.