X0306 4 2014-12-26 0 0001103021 BIODELIVERY SCIENCES INTERNATIONAL INC BDSI 0001066040 ODONNELL FRANCIS E JR C/O BIODELIVERY SCIENCES INTL, INC. 801 CORPORATE CENTER DRIVE, SUITE 210 RALEIGH NC 27607 1 0 0 0 Common Stock 2014-12-26 4 J 0 200000 D 2050490 I By HCG II, LLC Common Stock 2014-12-26 4 S 0 50000 12.01 D 2000490 I By HCG II, LLC Common Stock 2014-12-26 4 S 0 20000 11.96 D 105301 D The distribution was made to a member of Hopkins Capital Group II, LLC, who is not an affiliate of the issuer and for no consideration. The shares are owned by Hopkins Capital Group II, LLC. The Reporting Person is the manager of Hopkins Capital Group II, LLC. Filing of this statement shall not be deemed an admission by the Reporting Person that he beneficially owns the securities held by Hopkins Capital Group II, LLC. The Reporting Person disclaims ownership of all securities held by Hopkins Capital Group II, LLC. On December 26, 2014, Hopkins Capital Group II, LLC sold an aggregate of 50,000 shares of the Issuer's Common Stock at a weighted average price of $12.01. The highest sale price for the Common Stock was $12.30 per share and the lowest sale price was $11.86 per share. The Reporting Person undertakes to provide the Company, any security holder of the Company 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 range set forth in this footnote. /s/ Francis E. O'Donnell Jr 2014-12-30