MILESTONE SCIENTIFIC INC. — Director's Dealing 2008

May 7, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MILESTONE SCIENTIFIC INC/NJ (MLSS.OB)
CIK: 0000855683
Period of Report: 2008-04-25

Reporting Person: Martin Joe W (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-25	Stock Options	$1.00	A	80000	Acquired	2013-04-24	Common Stock, $.001 par value (80000)	Direct

Footnotes

F1: The options vest as follows: one third commencing on the first anniversary of the date of grant, one third commencing on the second anniversary of the date of grant and the balance commencing on the third anniversary of the date of grant