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^*

Bogusz Patricia

(Last)

(First)

(Middle)

100 CLEARBROOK ROAD

(Street)

ELMSFORD

10523

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BioScrip, Inc. [ BIOS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2012

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, Par Value $0.0001 Per Share	05/14/2012		M		5,000	A	$6.49	8,028	D
Common Stock, Par Value $0.0001 Per Share	05/14/2012		M		9,000	A	$2.47	17,028	D
Common Stock, Par Value $0.0001 Per Share	05/14/2012		S		14,000⁽²⁾	D	$7.52	3,028	D
Common Stock, $.0001 Par Value⁽³⁾								7,875	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)
Employee Stock Option	$6.49	05/14/2012		M			5,000	10/24/2006⁽¹⁾	10/24/2015	Common Stock, $.0001 Par Value	5,000	$0	0	D
Employee Stock Option	$2.47	05/14/2012		M			9,000	11/01/2007⁽¹⁾	11/01/2016	Common Stock, $.0001 Par Value	9,000	$0	0	D
Employee Stock Option	$6.52							04/29/2009⁽¹⁾	04/29/2018	Common Stock, $.0001 Par Value	19,687		19,687	D
Employee Stock Option	$2.73							04/28/2010⁽¹⁾	04/28/2019	Common Stock, $.0001 Par Value	20,000		20,000	D
Employee Stock Option	$6.46							07/27/2011⁽¹⁾	07/27/2020	Common Stock, $.0001 Par Value	10,000		10,000	D
Employee Stock Option	$4.24							03/01/2012⁽¹⁾	03/01/2021	Common Stock, $.0001 Par Value	20,000		20,000	D
Employee Stock Option	$4.42							04/26/2012	04/26/2021	Common Stock, $.0001 Par Value	50,000		50,000	D
Employee Stock Option	$6.62							03/08/2013	03/08/2022	Common Stock, $.0001 Par Value	100,000		100,000	D

Explanation of Responses:

1. Vests and becomes exercisable in three equal annual installments commencing on the first anniversary of the date of grant.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.51 to $7.59 inclusive. The reporting person undertakes to provide to BioScrip, Inc., any security holder of BioScrip, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges forth in this footnote.

3. Unvested

	/s/ Patricia Bogusz	05/17/2012
	** 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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