MILESTONE SCIENTIFIC INC. — Director's Dealing 2014

May 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MILESTONE SCIENTIFIC INC. (MLSS)
CIK: 0000855683
Period of Report: 2013-05-31

Reporting Person: OSSER LEONARD (Director, CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-31	Common Stock, $.001 par value	P	13043	$1.15	Acquired	2625673	Direct
2013-12-31	Common Stock, $.001 par value	A	124224	$0.00	Acquired	2749897	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-31	Options to purchase common stock	$1.65	A	248448	Acquired	2018-12-31	Common Stock (248448)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to purchase common stock	$0.75	2017-01-09	Common Stock (133334)	133334	Direct
Options to purchase common stock	$1.74	2015-12-17	Common Stock (42193)	42193	Direct
Options to purchase common stock	$1.49	2014-11-01	Common Stock (73333)	73333	Direct

Footnotes

F1: Shares to be issued at the termination of employment.

F2: Not applicable.

F3: Includes 1,306,717 shares of common stock to be issued at the termination of employment. On May 9, 2014, 600,000 of these shares were issued to the reporting person.

F4: These options are exercisable as follows: (i) for 82,733 shares on the date of grant (12-31-13) and (ii) for an additional 1/3 of the 165,715 remaining shares on each of the 1st through 3rd anniversaries of the date of grant.

F5: These options are exercisable as follows: (i) for 44,445 shares on the date of grant (1-9-12) and (ii) for an additional 1/3 of the 88,889 remaining shares on each of the 1st through 3rd anniversaries of the date of grant.

F6: Immediately exercisable.