MILESTONE SCIENTIFIC INC. — Director's Dealing 2011

Jan 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MILESTONE SCIENTIFIC INC. (MLSS.OB)
CIK: 0000855683
Period of Report: 2010-12-20

Reporting Person: D'Agostino Joseph (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-20	Common stock	A	50000	$1.00	Acquired	95054	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-20	Options to purchase common stock	$1.00	A	100000	Acquired	2015-12-20	Common Stock, par value $.001 per share (100000)	Direct
2010-12-20	Options to purchase common stock	$1.00	A	100000	Acquired	2015-12-20	Common Stock, par value $.001 per share (100000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to purchase common stock	$1.15	2014-12-17	Common Stock, par value $.001 per share (50000)	50000	Direct
Options to purchase common stock	$1.58	2014-12-17	Common Stock, par value $.001 per share (31646)	31646	Direct
Options to purchase common stock	$1.15	2014-09-01	Common Stock, par value $.001 per share (50000)	50000	Direct
Options to purchase common stock	$.40	2014-03-31	Common Stock, par value $.001 per share (60000)	60000	Direct

Footnotes

F1: These options are exercisable as follows: (i) 1/3 on the 1st anniversary of the date of grant; (ii) 1/3 on the 2nd anniversary of the date of grant; and (iii) 1/3 on the 3rd anniversary of the date of grant.

F2: Not applicable.

F3: These options are exercisable as follows: i 1/3 on the date of grant; ii 1/3 on the 1st anniversary of the date of grant; and iii 1/3 on the second anniversary of the date of grant.

F4: Immediately.