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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
894237	Vision Sciences Inc	VSCI	Electromedical & Electrotherapeutic Apparatus (3845)	133430173

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
901507	C Lewis Pell	C/O Vision-Sciences, Inc. 40 Ramland Road South, Suite 1 Orangeburg NY 10962		Yes	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock $0.01 Par Value Per Share	Acquisiton	2012-12-03	8,360	$1.10	8,893,214	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Common Stock warrant (right to buy)	Acquisiton	2009-11-09	272,727	$0.00	272,727	$1.38
Common Stock	Common Stock warrant (right to buy	Acquisiton	2010-03-29	189,394	$0.00	189,394	$1.65
Common Stock	Common Stock warrant (right to buy)	Acquisiton	2010-06-29	151,515	$0.00	151,515	$1.65
Common Stock	Common Stock warrant (right to buy)	Acquisiton	2010-12-16	37,879	$0.00	37,879	$1.65
Common Stock	Common Stock warrant (right to buy)	Acquisiton	2011-09-30	1,229,105	$0.00	1,229,105	$2.03
Common Stock	Convertible Promissory Note	Acquisiton	2012-09-19	0	$0.00	12,500,000	$1.20

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
272,727	2009-11-09		No	4	J	Direct
189,394	2010-03-29		No	4	J	Direct
340,909	2010-06-29		No	4	J	Direct
378,788	2010-12-16		No	4	J	Direct
1,229,105	2011-09-30		No	4	J	Direct
12,500,000	2012-09-19	2017-09-19	No	4	J	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock $0.01 Par Value Per Share	50,000	Indirect	By spouse
Common Stock $0.01 Par Value Per Share	348,514	Indirect	By children
Common Stock $0.01 Par Value Per Share	43,500	Indirect	By trust
Common Stock $0.01 Par Value Per Share	2,400	Indirect	By brother's family

Footnotes

Except for the transaction set forth in this Form 4 filing, the number of securities directly held by the Reporting Person has not changed since his most recent Form 4 filing but the nature of his ownership of such securities has been modified to reflect the reclassification of certain securities previously identified as direct holdings to indirect holdings.
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.