X0202 4 2007-11-14 0 0001022505 NATIONAL SCIENTIFIC CORP/AZ NSCT.OB 0001129846 GROLLMAN MICHAEL A 8361 E. EVANS ROAD, SUITE 106 SCOTTSDALE AZ 85260-3617 1 1 0 0 Chairman & CEO NSCT Common Stock 2007-11-14 2007-11-14 4 J 0 250000 0.02 A 10750000 D NSCT Stock Options 1.84 2007-11-14 2007-11-14 4 J 0 450000 1.84 D 2000-12-01 2010-12-01 NSCT Stock Options 450000 600000 D NSCT Stock Options 0.03 2007-11-14 2007-11-14 4 J 0 450000 0.03 A 2007-11-14 2017-11-14 NSCT Stock Options 450000 1050000 D NSCT Stock Options 0.03 2007-11-14 2007-11-14 4 J 0 100000 0.03 A 2007-11-14 2017-11-14 NSCT Stock Options 100000 1150000 D A private acquisition at closing market price of restricted shares made using forgiveness by the Reporting Person of an equivalent amount of the company's indebtedness to the Reporting Person. Pursuant to the Company's 2000 Stock Option Plan effective January 1, 2001, 450,000 NSCT stock options at a strike price of $1.84 have been canceled, and an equal number of stock options have been issued at $0.03 per share, approximately 150% of current market price. The option grant vests immediately on 11/14/2007. /s/Michael A. Grollman 2007-11-15