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: 2013-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-31	Common stock	A	33333	$0.00	Acquired	406339	Direct
2014-03-31	Common stock	M	60000	$0.40	Acquired	466339	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-31	Options to purchase common stock	$1.50	A	66666	Acquired	2018-12-31	Common Stock, par value $.001 per share (66666)	Direct
2014-03-31	Options to purchase common stock	$0.40	M	60000	Disposed	2014-03-31	Common Stock, par value $.001 per share (60000)	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	$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	$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

Footnotes

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

F2: Not applicable.

F3: 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.

F4: Immediately.

F5: These options are exercisable as follows: (i) for 91,667 shares on the date of grant (12-31-11) and (ii) for an additional 1/3 of the 186,111 remaining shares on each of the 1st through 3rd anniversaries of the date of grant.

F6: 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.