PAVmed Inc. — Director's Dealing 2016

May 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAVmed Inc. (PAVM)
CIK: 0001624326
Period of Report: 2016-04-28

Reporting Person: Greenspan Ira Scott (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-28	Common Stock	A	87020	—	Acquired	87020	Indirect
2016-04-28	Common Stock	A	125000	—	Acquired	125000	Indirect
2016-04-28	Common Stock	A	20000	—	Acquired	20000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-28	Warrants	$5.00	A	87020	Acquired	2022-01-29	Common Stock (87020)	Indirect
2016-04-28	Warrants	$5.00	A	125000	Acquired	2022-01-29	Common Stock (125000)	Indirect
2016-04-28	Warrants	$5.00	A	20000	Acquired	2022-01-29	Common Stock (20000)	Indirect
2016-04-28	Employee Stock Option (Right to Buy)	$5.00	A	97554	Acquired	2026-04-28	Common Stock (97554)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27873	Direct
Common Stock	5713879	Indirect
Common Stock	20904	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrants	$5.00	2022-01-29	Common Stock (27873)	27873	Direct
Warrants	$5.00	2022-01-29	Common Stock (5713879)	5713879	Indirect
Warrants	$5.00	2022-01-29	Common Stock (6968)	6968	Indirect

Footnotes

F1: Mr. Greenspan is a member and a co-manager of HCFP/Capital Partners III LLC, and shares joint voting and dispositive power over the shares held by this entity. Mr. Greenspan disclaims beneficial ownership of shares held by this entity, except to the extent of his proportionate pecuniary interest therein.

F2: Robert M. Greenspan is the reporting person's son.

F3: The reporting person purchased units from the issuer, each unit consisting of one share of the issuer's common stock and one warrant, at a price of $5.00 per unit. Each warrant entitles the holder to purchase one share of the issuer's common stock at an exercise price of $5.00 per share, subject to adjustment.

F4: Mr. Greenspan is a controlling shareholder of HCFP Inc., and shares joint voting and dispositive power over the shares held by this entity. Mr. Greenspan disclaims beneficial ownership of shares held by this entity, except to the extent of his proportionate pecuniary interest therein.

F5: Mr. Greenspan is a member and a co-manager of the entity that acts as sole manager of HCFP/Capital Partners IIIB LLC, and shares joint voting and dispositive power over the shares held by this entity. Mr. Greenspan disclaims beneficial ownership of shares held by this entity, except to the extent of his pecuniary interest therein.

F6: Mr. Greenspan is a co-manager of HCFP/AG LLC, and shares joint voting and dispositive power over the shares held by this entity. Mr. Greenspan disclaims beneficial ownership of shares held by this entity, except to the extent of his pecuniary interest therein.

F7: The option vests as to 3/36 of the shares on July 28, 2016 and in 33 equal monthly installments thereafter.