LIQTECH INTERNATIONAL INC — Director's Dealing 2012

Jun 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQTECH INTERNATIONAL INC (LIQT)
CIK: 0001307579
Period of Report: 2012-06-25

Reporting Person: Nemelka David Nephi Jr. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-25	Common Stock, $0.001 Par	S	2010800	$1.75	Disposed	935617	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-25	Common Stock Purchase Warrant	$1.5	S	175000	Disposed	2016-12-31	Common Stock, $0.001 Par (175000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 Par	78000	Indirect
Common Stock, $0.001 Par	40500	Indirect
Common Stock, $0.001 Par	391500	Indirect
Common Stock, $0.001 Par	75000	Indirect

Footnotes

F1: The transaction involved the sale of 1,885,800 shares at a price of $1.75 per share and the transfer of 125,000 shares to a broker-dealer as payment of transaction fees.

F2: These securities are owned by McKinley Capital, Inc., a Utah corporation controlled by the reporting person.

F3: These securities are owned by the Profit Sharing Plan of McKinley Enterprises, Inc., a Utah corporation controlled by the reporting person.

F4: These securities are owned by the Roth 401(k) Plan of McKinley Capital, Inc., a Utah corporation controlled by the reporting person.

F5: These securities are held by Tradeco, Corp., a Utah corporation controlled by the reporting person.

F6: The transaction involved the sale of 175,000 warrants, each entitling the holder to purchase one share of the Issuer's common stock at an exercise price of $1.50 per share, at a sales price of $0.25 per warrant.