MILESTONE SCIENTIFIC INC. — Director's Dealing 2008

Jun 12, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MILESTONE SCIENTIFIC INC/NJ (MLSS.OB)
CIK: 0000855683
Period of Report: 2008-06-05

Reporting Person: Serna Cardenas Pablo Felipe (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-05	Options to purchase Common Stock	$0.74	A	20000	Acquired	2013-06-05	Common Stock (20000)	Direct

Footnotes

F1: Options vest as follows: (i) 10,000 immediately upon grant; and (ii) 10,000 one year from grant date.

F2: Not applicable.