X0304 4 2012-02-17 0 0000892160 DERMA SCIENCES, INC. DSCI 0001218007 COLE ROBERT C 1248 YELLOW SPRINGS RD CHESTER SPRINGS PA 19425 0 1 0 0 Executive VP - Sales common stock 2012-02-17 4 A 0 3000 0 A 9250 D stock option (right to buy) 4.95 2012-02-17 4 A 0 2500 0 A 2012-02-17 2021-01-20 common stock 2500 7500 D stock option (right to buy) 8.75 2012-02-17 4 A 0 9600 0 A 2012-02-17 2022-02-17 common stock 9600 9600 D Reflects the award of common stock pursuant to the grant of performance-based restricted stock units, previously reported on January 25, 2011. The performance criteria for 2011 were met, resulting in the vesting of 3,000 restricted stock units. Upon vesting, the reporting person received the number of shares of the issuer's common stock equal to the number of restricted stock units, in consideration of the reporting person's services to the issuer and without payment of cash consideration. Reflects a 1-for-8 reverse stock split effective February 1, 2010. The options were issued in consideration of the reporting person's services to the issuer and without payment of cash consideration, under the issuer's stock option plan. As previously reported, on January 25, 2011, the reporting person was granted an option to purchase 10,000 shares of common stock pursuant to the issuer's stock option plan. The options were to vest, if at all, to the extent of the issuer's performance in 2011 and the reporting person's contribution thereto as determined by the issuer's board of directors. Based on the satisfaction of certain performance criteria for 2011, the option to purchase 5,000 shares of common stock vested on August 31, 2011 and the option to purchase 2,500 shares of common stock vested on February 17, 2012. The options that do not vest by December 31, 2012 will be forfeited. The options, granted pursuant to the issuer's stock option plan, vested as to 25% on February 17, 2012, the date of the execution of the stock option agreement reflecting the subject grant, and will vest as to an additional 25% on February 17 of 2013, 2014 and 2015. /s/ Robert C. Cole 2012-02-22