X0306 4 2014-08-04 0 0000352998 IGI LABORATORIES, INC IG 0001555152 Grenfell-Gardner Jason C/O IGI LABORATORIES, INC, 105 LINCOLN AVENUE BUENA NJ 08310 1 1 0 0 President & CEO Common Stock 2014-08-04 4 S 0 66828 5.8463 D 271672 D The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2014 for the purpose of payment by the Reporting Person of tax obligations arising out of the vesting of restricted stock. $5.8463 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $5.6625 to $6.01. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2 to this Form 4. /s/ Jason Grenfell-Gardner 2014-08-06