Edgar Filing: Dobroff Lawrence

Ownership Submission

FORM 5

	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported
	Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

Dobroff Lawrence

2. Issuer Name and Ticker or Trading Symbol
BIOSPECIFICS TECHNOLOGIES CORP [BSTC.PK]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chief Financial Officer

(Last)

(First)

(Middle)

15 SOUTHWICK COURT NORTH

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2005

(Street)

PLAINVIEW,Â NYÂ 11803

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Reporting
(check applicable line)
_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (Right to Buy)

$ 1.45

01/06/2005

1,272

01/06/2005

01/05/2015

Common Stock

1,272

$ 0

2,230

Stock Option (Right to Buy)

$ 1.6

02/04/2005

1,149

02/04/2005

02/03/2015

Common Stock

1,149

$ 0

3,379

Stock Option (Right to Buy)

$ 1.6

03/04/2005

1,149

03/04/2005

03/03/2015

Common Stock

1,149

$ 0

4,528

Stock Option (Right to Buy)

$ 1.2

04/06/2005

1,543

04/06/2005

04/05/2015

Common Stock

1,543

$ 0

6,071

Stock Option (Right to Buy)

$ 1.2

05/06/2005

1,543

05/06/2005

05/05/2015

Common Stock

1,543

$ 0

7,614

Stock Option (Right to Buy)

$ 1.05

06/06/2005

1,754

06/06/2005

06/05/2015

Common Stock

1,754

$ 0

9,368

Stock Option (Right to Buy)

$ 1.08

07/06/2005

1,701

07/06/2005

07/05/2015

Common Stock

1,701

$ 0

11,069

Stock Option (Right to Buy)

$ 2

08/05/2005

921

08/05/2005

08/04/2015

Common Stock

921

$ 0

11,990

Stock Option (Right to Buy)

$ 1.7

09/06/2005

1,082

09/06/2005

09/05/2015

Common Stock

1,082

$ 0

13,072

Stock Option (Right to Buy)

$ 1.25

10/06/2005

1,476

10/06/2005

10/05/2015

Common Stock

1,476

$ 0

14,548

Stock Option (Right to Buy)

$ 0.8

11/04/2005

2,315

11/04/2005

11/03/2015

Common Stock

2,315

$ 0

16,863

Stock Option (Right to Buy)

$ 1.6

12/06/2005

1,149

12/06/2005

12/05/2015

Common Stock

1,149

$ 0

18,012

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Dobroff Lawrence 15 SOUTHWICK COURT NORTH PLAINVIEW,Â NYÂ 11803	Â	Â	Â Chief Financial Officer	Â

Signatures

/s/ Lawrence Dobroff		02/13/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.