MILESTONE SCIENTIFIC INC. — Director's Dealing 2016

Mar 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MILESTONE SCIENTIFIC INC. (MLSS)
CIK: 0000855683
Period of Report: 2016-02-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-04	Common stock	A	66570	—	Acquired	932540	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-04	Options to purchase common stock	$1.72	A	133140	Acquired	2021-02-04	Common Stock, par value $.001 per share (133140)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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
Options to purchase common stock	$2.09	2019-11-11	Common Stock, par value $.001 per share (150000)	150000	Direct
Options to purchase common stock	$2.03	2019-11-20	Common Stock, par value $.001 per share (49261)	49261	Direct

Footnotes

F1: Including the 66,570 transaction shares herein reported, 166,201 of these shares are issuable to the reporting person at the termination of employment.

F2: Not applicable.

F3: Immediately.

F4: All of these shares are issuable to the reporting person at the termination of employment.

F5: These options are exercisable as follows: (i) immediately for 83,334 shares; and (ii) for an additional 33,333 on each of the 2nd and 3rd anniversaries of the (11-11-14) date of grant.

F6: These options are exercisable as follows: (i) immediately for 27,369 shares; and (ii) for an additional 10,946 on each of the 2nd and 3rd anniversaries of the (11-20-14) date of grant.

F7: These options are exercisable as follows: (i) immediately for 44,380 shares on the date of grant (2-4-16); and (ii) for an additional 1/3 of the 88,760 remaining shares on each of the 1st through 3rd anniversaries of the date of grant.