SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Wegman Thomas

(Last)

(First)

(Middle)

C/O BIOSPECIFICS TECHNOLOGIES CORP.,

35 WILBUR STREET

(Street)

LYNBROOK

11563

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BIOSPECIFICS TECHNOLOGIES CORP [ BSTC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.001 par value	05/18/2016		S⁽¹⁾		50	D	$33.8⁽¹⁾	1,005,128	I	See footnote⁽⁵⁾
Common Stock, $0.001 par value	05/18/2016		S⁽²⁾		150	D	$34.14⁽²⁾	1,004,978	I	See footnote⁽⁵⁾
Common Stock, $0.001 par value	05/18/2016		S⁽³⁾		50	D	$34.11⁽³⁾	1,004,928	I	See footnote⁽⁵⁾
Common Stock, $0.001 par value	05/18/2016		S⁽⁴⁾		24,750	D	$33⁽⁴⁾	980,178	I	See footnote⁽⁵⁾
Common Stock, $0.001 par value	05/18/2016		S⁽⁶⁾		50	D	$33.8⁽⁶⁾	220,772	D
Common Stock, $0.001 par value	05/18/2016		S⁽⁷⁾		150	D	$34.14⁽⁷⁾	220,622	D
Common Stock, $0.001 par value	05/18/2016		S⁽⁸⁾		50	D	$34.11⁽⁸⁾	220,572	D
Common Stock, $0.001 par value	05/18/2016		S⁽⁹⁾		24,750	D	$33⁽⁹⁾	195,822	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The selling price of $33.80 is reflective of the sale price of all transactions reported on this line.

2. The selling price of $34.14 is reflective of the sale price of all transactions reported on this line.

3. The selling price of $34.11 is reflective of the sale price of all transactions reported on this line.

4. The selling price of $33.00 is reflective of the sale price of all transactions reported on this line.

5. These shares are held in trust on behalf of the reporting person and Mrs. Toby Wegman. The reporting person is the co-trustee of the trust with Ms. Toby Wegman. The reporting person disclaims beneficial ownership of the shares held by the trust except to the extent of the reporting person's pecuniary interest therein.

6. The selling price of $33.80 is reflective of the sale price of all transactions reported on this line.

7. The selling price of $34.14 is reflective of the sale price of all transactions reported on this line.

8. The selling price of $34.11 is reflective of the sale price of all transactions reported on this line.

9. The selling price of $33.00 is reflective of the sale price of all transactions reported on this line.

	/s/ Carl A. Valenstein, attorney-in-fact for Thomas Wegman	05/19/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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