MILESTONE SCIENTIFIC INC. — Director's Dealing 2014

Dec 30, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MILESTONE SCIENTIFIC INC. (MLSS)
CIK: 0000855683
Period of Report: 2014-12-17

Reporting Person: D'Agostino Joseph (CFO & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-17	Common stock	M	50000	$1.15	Acquired	516339	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-17	Options to purchase common stock	$1.15	M	50000	Disposed	2014-12-17	Common Stock, par value $.001 per share (50000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to purchase common stock	$1.00	2015-12-20	Common Stock, par value $.001 per share (100000)	100000	Direct
Options to purchase common stock	$1.00	2015-12-20	Common Stock, par value $.001 per share (100000)	100000	Direct
Options to purchase common stock	$0.36	2016-12-31	Common Stock, par value $.001 per share (277778)	277778	Direct
Options to purchase common stock	$1.28	2017-12-31	Common Stock, par value $.001 per share (78126)	78126	Direct
Options to purchase common stock	$1.50	2018-12-31	Common Stock, par value $.001 per share (66666)	66666	Direct

Footnotes

F1: 377,108 shares of common stock to be issued at the termination of employment. On May 9, 2014 all 377,108 of these shares of common stock were issued to the reporting person.

F2: Immediately.

F3: These options are exercisable as follows: (i) for 1/3 on the date of grant (12-31-12); (ii) an additional 1/3 on the 1st anniversary of the date of grant; and (iii) an additional 1/3 on the second anniversary of the date of grant.

F4: These options are currently exercisable with the respect to 215,741 shares. The remaining 62,037 shares will vest on 12/31/2014.