LIQTECH INTERNATIONAL INC — Director's Dealing 2017

May 16, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LIQTECH INTERNATIONAL INC (LIQT)
CIK: 0001307579
Period of Report: 2017-05-12

Reporting Person: PESSIN SANDRA F (See Explanation of Responses)
Reporting Person: PESSIN NORMAN H (See Explanation of Responses)
Reporting Person: Pessin Brian L. (See Explanation of Responses)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3510869	Direct
Common Stock	1302006	Indirect
Common Stock	2034635	Indirect

Footnotes

F1: This Form 3 is filed jointly by Norman H. Pessin, Sandra F. Pessin and Brian Pessin (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of common stock. Each Reporting Person disclaims beneficial ownership of the shares of common stock reported herein except to the extent of his or her pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of common stock for purposes of Section 16 or for any other purpose.

F2: Norman H. Pessin and Brian Pessin each expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F3: Shares beneficially owned by Norman H. Pessin, Sandra F. Pessin's spouse. Sandra F. Pessin and Brian Pessin each expressly disclaims beneficial ownership of such shares except to the extent of his or her pecuniary interest therein.

F4: Shares beneficially owned by Brian Pessin. Sandra F. Pessin and Norman H. Pessin each expressly disclaims beneficial ownership of such shares except to the extent of his or her pecuniary interest therein.