RIFKIN LAWRENCE W 4
4 · MILESTONE SCIENTIFIC INC/NJ · Filed Nov 5, 2003
Insider Transaction Report
Form 4
RIFKIN LAWRENCE W
10% Owner
Transactions
- Other
Common Stock, par value $.001 per share
2003-11-03+182,308→ 1,980,775 total(indirect: Indirect Nature Required)
Footnotes (3)
- [F1]Received from Milestone Scientific, Inc. (the "Issuer") as consideration for the agreement of Cumberland Associates LLC ("Cumberland") to a one-year extension of the term of certain promissory notes of the Issuer held by Cumberland.
- [F2]Consideration for the shares of Common Stock was Cumberland's agreement to a one-year extension of the term of certain promissory notes of the Issuer held by Cumberland.
- [F3]The reporting person is a member of Cumberland Associates LLC, a limited liability company organized under the laws of the State of New York which is engaged in the business of managing on a discretionary basis, various securities accounts. Cumberland Associates received these Securities on behalf of one or more of the accounts (the "Accounts"), and the reporting person disclaims beneficial membership of these Securities except to the extent of his share in Cumberland Associates' indirect pecuniary interest therein, which pecuniary interest, if any, is limited to incentive fees and/or allocations payable to Cumberland Associates based on a percentage of realized and/or unrealized gains with respect to these Securities held in the Accounts.