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)
12/31/2006

(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)

$ 0.97

01/06/2006

1,894

01/06/2006

01/05/2016

Common Stock

1,894

$ 0

19,906

Stock Option (Right to Buy)

$ 1

02/06/2006

1,852

02/06/2006

02/05/2016

Common Stock

1,852

$ 0

46,758 ⁽¹⁾

Stock Option (Right to Buy)

$ 0.85

03/06/2006

2,165

03/06/2006

03/05/2016

Common Stock

2,165

$ 0

48,923

Stock Option (Right to Buy)

$ 1.6

04/06/2006

1,149

04/06/2006

04/05/2016

Common Stock

1,149

$ 0

50,072

Stock Option (Right to Buy)

$ 1.05

05/05/2006

1,754

05/05/2006

05/04/2016

Common Stock

1,754

$ 0

51,826

Stock Option (Right to Buy)

$ 0.82

06/06/2006

2,252

06/06/2006

06/05/2016

Common Stock

2,252

$ 0

54,078

Stock Option (Right to Buy)

$ 1.1

07/06/2006

1,684

07/06/2006

07/05/2016

Common Stock

1,684

$ 0

55,762

Stock Option (Right to Buy)

$ 1

08/04/2006

1,852

08/04/2006

08/03/2016

Common Stock

1,852

$ 0

57,614

Stock Option (Right to Buy)

$ 0.83

09/06/2006

2,222

09/06/2006

09/05/2016

Common Stock

2,222

$ 0

74,836 ⁽²⁾

Stock Option (Right to Buy)

$ 1.2

10/06/2006

1,543

10/06/2006

10/05/2016

Common Stock

1,543

$ 0

76,379

Stock Option (Right to Buy)

$ 2.9

11/06/2006

636

11/06/2006

11/05/2016

Common Stock

636

$ 0

77,015

Stock Option (Right to Buy)

$ 4.5

12/06/2006

410

12/06/2006

12/05/2016

Common Stock

410

$ 0

77,425

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).
(1)	Includes 25,000 stock options granted on January 23, 2006 and already reported on a Form 4 filed on March 28, 2006.
(2)	Includes 15,000 stock options granted on September 6, 2006 and already reported on a Form 4 filed on September 12, 2006.

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.