UFP TECHNOLOGIES INC — Director's Dealing 2011

Feb 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UFP TECHNOLOGIES INC (UFPT)
CIK: 0000914156
Period of Report: 2011-02-24

Reporting Person: BAILLY R JEFFREY (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-24	Common Stock, $.01 Par Value	M	50000	$.81	Acquired	806580	Direct
2011-02-24	Common Stock, $.01 Par Value	F	2296	$17.64	Disposed	804284	Direct
2011-02-24	Common Stock, $.01 Par Value	F	15170	$17.64	Disposed	789114	Direct
2011-02-24	Common Stock, $.01 Par Value	M	53380	$1.00	Acquired	842494	Direct
2011-02-24	Common Stock, $.01 Par Value	F	3026	$17.64	Disposed	839468	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-24	Employee Stock Option	$.81	M	50000	Disposed	2012-02-11	Common Stock, $.01 Par Value (50000)	Direct
2011-02-24	Employee Stock Option	$1.00	M	53380	Disposed	2013-03-25	Common Stock, $.01 Par Value (53380)	Direct

Footnotes

F1: Represents the payment of the exercise price of an Employee Stock Option through the attestation of previously owned shares

F2: Represents the payment of withholding taxes incurred on the exercise of an Employee Stock Option through the witholding of shares