X0306 4 2014-10-01 1 0000748270 MEDICAL ACTION INDUSTRIES INC MDCI 0001372658 Newsome Kenneth 2115 W. LABURNUM AVENUE RICHMOND VA 23227 1 0 0 0 Common Stock, $.001 par value 2014-10-01 4 D 0 4000 13.8 D 0 D Non-Employee Director Stock Option Plan (Right to Buy) 14.76 2014-10-01 4 D 0 3750 0 D 2016-08-17 Common Stock 3750 0 D Non-Employee Director Stock Option Plan (Right to Buy) 22.10 2014-10-01 4 D 0 2500 0 D 2017-08-16 Common Stock 2500 0 D Non-Employee Director Stock Option Plan (Right to Buy) 13.25 2014-10-01 4 D 0 2500 0.55 D 2018-08-14 Common Stock 2500 0 D Non-Employee Director Stock Option Plan (Right to Buy) 12.59 2014-10-01 4 D 0 7500 1.21 D 2019-08-13 Common Stock 7500 0 D Non-Employee Director Stock Option Plan (Right to Buy) 8.99 2014-10-01 4 D 0 7500 4.81 D 2020-08-12 Common Stock 7500 0 D Non-Employee Director Stock Option Plan (Right to Buy) 3.57 2014-10-01 4 D 0 15000 10.23 D 2022-08-09 Common Stock 15000 0 D Non-Employee Director Stock Option Plan (Right to Buy) 6.35 2014-10-01 4 D 0 7500 7.45 D 2023-08-08 Common Stock 7500 0 D Disposed of pursuant to the merger agreement (the "Merger Agreement") between Issuer, Owens & Minor, Inc. and Mongoose Merger Sub Inc. in exchange for the merger consideration of $13.80 per share (the "Merger Consideration"). The reporting person's 2,500 stock options, at the exercise price of $22.14, were granted on 08/17/06. As a result of a stock split, which was paid on 02/09/07, the number of options has been adjusted to 3,750 and the exercise price has decreased to $14.76. This option was cancelled without any consideration because the exercise price of the option exceeded the Merger Consideration. This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $1,375, representing the difference between the exercise price of the option and the Merger Consideration. This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $9,075, representing the difference between the exercise price of the option and the Merger Consideration. This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $36,075, representing the difference between the exercise price of the option and the Merger Consideration. This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $153,450, representing the difference between the exercise price of the option and the Merger Consideration. This option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $55,875, representing the difference between the exercise price of the option and the Merger Consideration. /s/ Kenneth R. Newsome 2014-10-03