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*
LERNER DAVID

(Last) (First) (Middle)
79 VIA POINCIANA LANE

(Street)
BOCA RATON FL 33487

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
QUICK MED TECHNOLOGIES INC [ QMDT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/18/2008
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)
Code V Amount (A) or (D) Price
Common Stock(3) 05/12/2008 D 40,000(3) D(3) $0.32(3) 4,805,236(1)(2)(3) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to purchase)(2) $0.42 04/18/2008 A 40,549(2) 04/18/2008(2) 04/18/2013 Common Stock 40,549 $0.(2) 688,549(2) D
Stock Options (right to purchase)(2) $0.42 04/18/2008 A 40,549(2) 04/18/2009(2) 04/13/2013 Common Stock 40,549 $0.(2) 729,098(2) D
Stock Options (right to purchase)(2) $0.42 04/18/2008 A 40,549(2) 04/18/2010(2) 04/18/2013 Common Stock 40,549 $0(2) 769,647(2) D
Explanation of Responses:
1. The amount beneficially owned by Mr. Lerner consists of 4,035,589 of Quick-Med Technologies, Inc. common stock and 769,647 shares of common stock issuable upon exercise of options.
2. On April 18, 2008, Quick-Med Technologies, Inc. awarded Mr.Lerner 121,647 stock options to purchase common stock as payment for his services as a former director and committee member during fiscal year 2007 and as part of his performance bonus. Stock options are scheduled to be vested as follows: 1/3 on the grant date, 1/3 on April 18, 2009, and 1/3 on April 18, 2010.
3. On May 12, 2008, Mr. Lerner sold 40,000 shares of Quick-Med Technologies, Inc. for the aggregate sale price of $12,800 or $0.32 per share in a private transaction.
Remarks:
/s/ David Lerner 05/27/2008
** 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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