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: 2015-06-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-20	Common Stock, $.001 par value	A	28651	—	Acquired	2845741	Direct
2016-02-04	Common Stock, $.001 par value	A	41494	—	Acquired	2887235	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-20	Options to purchase common stock	$3.49	A	57307	Acquired	2020-06-20	Common Stock (57307)	Direct
2016-02-04	Options to purchase common stock	$1.89	A	82988	Acquired	2021-02-04	Common Stock (82988)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to purchase common stock	$1.49	2019-11-01	Common Stock (73333)	73333	Direct
Options to purchase common stock	$1.65	2018-12-31	Common Stock (248448)	248448	Direct
Options to purchase common stock	$0.75	2017-01-09	Common Stock (133334)	133334	Direct
Options to purchase common stock	$2.38	2019-11-20	Common Stock (185185)	185185	Direct

Footnotes

F1: Including the 70,145 transaction shares herein reported, 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: All of these shares are issuable to the reporting person at the termination of employment.

F6: Not applicable.

F7: 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.

F8: 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.