LIQTECH INTERNATIONAL INC — Director's Dealing 2012

Apr 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQTECH INTERNATIONAL INC (LIQT)
CIK: 0001307579
Period of Report: 2012-04-11

Reporting Person: SONNELAND MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-11	Common Stock	P	41989	$2.125	Acquired	539239	Indirect

Footnotes

F1: Represents 519,239 shares beneficially owned by NSMSO Holding ApS, a Danish entity which is 100% owned and controlled by the Reporting Person, and 20,000 stock options directly held by the Reporting Person, which vest in three equal annual installments on December 16, 2011, September 1, 2012 and September 1, 2013.

F2: On April 11, 2012, NSMSO Holding ApS, a company which is 100% owned and controlled by the Reporting Person, purchased 41,989 shares from a non-US person in a private transaction at a price of $2.125 per share.