SEC Form 4 · accession 0001437749-16-036292
MILESTONE SCIENTIFIC INC. · MLSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leonard Osser
Officer — CEO · Director · 10% Owner
Period of report
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 3:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000855683
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.001 par valueF7,F1 | Aug 1, 2016 | J | 50,000 | — | A | 2,937,235 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to purchase common stockF3 | $1.49 | holding | — | — | — | Nov 1, 2009 | Nov 1, 2019 | Common Stock | 73,333 | 73,333 | D |
| Options to purchase common stockF2 | $1.65 | holding | — | — | — | Dec 31, 2013 | Dec 31, 2018 | Common Stock | 248,448 | 248,448 | D |
| Options to purchase common stockF3 | $0.75 | holding | — | — | — | Jan 9, 2012 | Jan 9, 2017 | Common Stock | 133,334 | 133,334 | D |
| Options to purchase common stockF4 | $2.38 | holding | — | — | — | Nov 20, 2014 | Nov 20, 2019 | Common Stock | 185,185 | 185,185 | D |
| Options to purchase common stockF5 | $3.49 | holding | — | — | — | Jun 20, 2015 | Jun 20, 2020 | Common Stock | 57,307 | 57,307 | D |
| Options to purchase common stockF6 | $1.89 | holding | — | — | — | Feb 4, 2016 | Feb 4, 2021 | Common Stock | 82,988 | 82,988 | D |
Explanation of responses
- F1776,862 shares are issuable to the reporting person at the termination of employment.
- F2These options are exercisable as follows: (i) immediately for 193,210 and (ii) for an additional 55,238 on 12/31/16.
- F3Immediately exercisable.
- F4These 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.
- F5These 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.
- F6These 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.
- F7The reporting person acquired these shares pursuant to a Share Exchange Agreement providing for the issuance of one share of Milestone Scientific Common Stock for each two shares of Milestone Medical Common Stock. The issuance of these shares is exempt from registration under the Securities Act of 1933, as amended, and the share certificate for these shares were printed with an appropriate restrictive legend.