X0304 4 2012-02-09 0 0001103021 BIODELIVERY SCIENCES INTERNATIONAL INC BDSI 0001302103 Finn Andrew L C/O BIODELIVERY SCIENCES INTL, INC. 801 CORPORATE CENTER DRIVE, SUITE 210 RALEIGH NC 27607 0 1 0 0 Executive Vice President Stock Option 1.78 2012-02-09 4 A 0 48280 A 2022-02-09 Common Stock 48280 48280 D Stock Option 1.96 2012-02-15 4 A 0 18128 A 2012-02-15 2022-02-15 Common Stock 18128 18128 D One third of the options granted herein will vest and be exercisable on each of the following dates, February 09, 2013, February 09, 2014 and February 09, 2015, subject to the condition that the reporting person is employed by the Issuer on each of the respective dates. Not applicable. Such options were granted by Issuer's Board of Directors as compensation for serving as Executive Vice President. /s/ Andrew L. Finn 2012-02-21