ORASURE TECHNOLOGIES INC — Director's Dealing 2012

Apr 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORASURE TECHNOLOGIES INC (OSUR)
CIK: 0001116463
Period of Report: 2012-03-30

Reporting Person: Michels Douglas A (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-30	Common stock	M	25000	$7.765	Acquired	609502	Direct
2012-03-30	Common stock	S	25000	$11.5284	Disposed	584502	Direct
2012-04-02	Common stock	F	3073	$11.42	Disposed	581429	Direct
2012-04-02	Common stock	M	25000	$7.765	Acquired	606429	Direct
2012-04-02	Common stock	S	25000	$11.4431	Disposed	581429	Direct
2012-04-03	Common stock	M	25000	$7.765	Acquired	606429	Direct
2012-04-03	Common stock	S	25000	$11.4714	Disposed	581429	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-30	Incentive stock option	$7.765	M	25000	Disposed	2014-06-22	Common stock (25000)	Direct
2012-04-02	Incentive stock option	$7.765	M	25000	Disposed	2014-06-22	Common stock (25000)	Direct
2012-04-03	Incentive stock option	$7.765	M	1512	Disposed	2014-06-22	Common stock (1512)	Direct
2012-04-03	Nonqualified stock option	$7.765	M	23488	Disposed	2014-06-22	Common stock (23488)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	5400	Indirect

Footnotes

F1: Sale pursuant to a predetermined sales plan, entered into on February 28, 2012, under Rule 10b5-1 of the Securities and Exchange Act of 1934.

F2: Withholding of shares to pay the tax liability associated with vesting of restricted shares.

F3: Incentive stock options granted on June 22, 2004 vesting and exercisable over a four year period, with one-fourth of the options vesting on the first anniversary date of the grant and the remainder vesting ratably on a monthly basis, over the remaining 36 months.

F4: Nonqualified stock options granted on June 22, 2004, vesting and exercisable over a four year period, with one-fourth of the options vesting on the first anniversary date of the grant and the remainder vesting ratably on a monthly basis, over the remaining 36 months.