X0306 4 2012-12-07 0000894237 VISION SCIENCES INC /DE/ VSCI 0000901507 PELL LEWIS C C/O VISION-SCIENCES, INC. 40 RAMLAND ROAD SOUTH, SUITE 1 ORANGEBURG NY 10962 1 1 Common Stock $0.01 Par Value per Share 2012-12-07 2012-12-07 4 P 0 4656 1.10 A 8915870 D Common Stock $0.01 Par Value per Share 2012-12-10 2012-12-10 4 P 0 2000 1.10 A 8917870 D Common Stock $0.01 Par Value per Share 50000 I By spouse Common Stock $0.01 Par Value per Share 348514 I By children Common Stock $0.01 Par Value per Share 43500 I By trust Common Stock $0.01 Par Value per Share 2400 I By brother's family Common Stock warrant (right to buy) 1.375 2009-11-09 4 J 0 272727 0 A 2012-11-09 Common Stock 272727 272727 D Common Stock warrant (right to buy) 1.65 2012-03-29 4 J 0 189394 0 A 2012-03-29 Common Stock 189394 189394 D Common Stock warrant (right to buy) 1.65 2010-06-29 4 J 0 151515 0 A 2010-06-29 Common Stock 151515 340909 D Common Stock warrant (right to buy) 1.65 2010-12-16 4 J 0 37879 0 A 2010-12-16 Common Stock 37879 378788 D Common Stock warrant (right to buy) 2.034 2011-09-30 4 J 0 1229105 0 A 2011-09-30 Common Stock 1229105 1229105 D Convertible Promissory Note 1.20 2012-09-19 4 J 0 15000000 0 A 2012-09-19 2017-09-19 Common Stock 12500000 12500000 D Warrants issued in consideration for certain loans made by the Reporting Person to the Company. Warrants expire on the later of September 30, 2016 or one year following the termination or repayment of all amounts due and payable under the loan associated with the issuance of such warrants. Revolving $20 million convertible note dated September 19, 2012 (the "Note") between the Reporting Person and the Company. The Note is convertible, at the Reporting Person's option, into shares of the Company's common stock at a fixed conversion price of $1.20 per share. /s/ Lewis C. Pell 2012-12-13