MILESTONE SCIENTIFIC INC. — Director's Dealing 2016

Aug 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MILESTONE SCIENTIFIC INC. (MLSS)
CIK: 0000855683
Period of Report: 2016-08-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-01	Common Stock, $.001 par value	J	50000	—	Acquired	2937235	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to purchase common stock	$1.4900	2019-11-01	Common Stock (73333)	73333	Direct
Options to purchase common stock	$1.6500	2018-12-31	Common Stock (248448)	248448	Direct
Options to purchase common stock	$0.7500	2017-01-09	Common Stock (133334)	133334	Direct
Options to purchase common stock	$2.3800	2019-11-20	Common Stock (185185)	185185	Direct
Options to purchase common stock	$3.4900	2020-06-20	Common Stock (57307)	57307	Direct
Options to purchase common stock	$1.8900	2021-02-04	Common Stock (82988)	82988	Direct

Footnotes

F1: 776,862 shares are issuable to the reporting person at the termination of employment.

F2: These options are exercisable as follows: (i) immediately for 193,210 and (ii) for an additional 55,238 on 12/31/16.

F3: Immediately exercisable.

F4: These options are exercisable as follows: (i) for 61,728 shares on the date of grant (11-20-14) and (ii) for an additional 1/3 of the 123,457 remaining shares on each of the 1st through 3rd anniversaries of the date of grant.

F5: These options are exercisable as follows: (i) for 19,102 shares on the date of grant (6-20-15) and (ii) for an additional 1/3 of the 38,205 remaining shares on each of the 1st through 3rd anniversaries of the date of grant.

F6: These options are exercisable as follows: (i) for 27,663 shares on the date of grant (2-4-16) and (ii) for an additional 1/3 of the 55,325 remaining shares on each of the 1st through 3rd anniversaries of the date of grant.

F7: The reporting person acquired these shares pursuant to a Share Exchange Agreement providing for the issuance of one share of Milestone Scientific Common Stock for each two shares of Milestone Medical Common Stock. The issuance of these shares is exempt from registration under the Securities Act of 1933, as amended, and the share certificate for these shares were printed with an appropriate restrictive legend.