MILESTONE SCIENTIFIC INC. — Director's Dealing 2007

Jul 17, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MILESTONE SCIENTIFIC INC/NJ (MLSS OB)
CIK: 0000855683
Period of Report: 2007-07-13

Reporting Person: Bernhard Leslie (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-13	Common Stock	M	20000	$.83	Acquired	20000	Direct
2007-07-13	Common Stock	S	20000	$2.25	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-13	Options to purchase Common Stock	$.83	M	20000	Disposed	2011-06-19	Common Stock (20000)	Direct

Footnotes

F1: immediate

F2: not applicable