UFP (UFPT) Form 4 UFP / KENNETH L GESTAL ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

GESTAL KENNETH L

(Last) (First) (Middle)

C/O UFP TECHNOLOGIES, INC.

172 EAST MAIN STREET

(Street)

GEORGETOWN MA 01833

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UFP TECHNOLOGIES INC [ UFPT ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2015

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

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.01 Par Value	03/10/2015		M		5,769	A	$3.12	8,222	D
Common Stock, $0.1 Par Value	03/10/2015		M		3,500	A	$3.68	11,722	D
Common Stock, $0.1 Par Value	03/10/2015		M		2,927	A	$6.15	14,649	D
Common Stock, $0.1 Par Value	03/10/2015		M		3,500	A	$6.01	18,149	D
Common Stock, $0.1 Par Value	03/10/2015		M		2,927	A	$5.06	21,076	D
Common Stock, $0.1 Par Value	03/10/2015		S		8,623	D	$21.09(1)	12,453	D
Common Stock, $0.1 Par Value	03/11/2015		S		4,966	D	$20.49(2)	7,457	D
Common Stock, $0.1 Par Value	03/12/2015		S		5,034	D	$20.471(3)	2,453	D

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 Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$3.12	03/10/2015		M			5,769	06/02/2005	06/02/2015	Common Stock, $.01 Par Value	5,769	$0	0	D
Stock Option (Right to Buy)	$3.68	03/10/2015		M			3,500	07/01/2005	07/01/2015	Common Stock, $0.1 Par Value	3,500	$0	0	D
Stock Option (Right to Buy)	$6.15	03/10/2015		M			2,927	06/08/2006	06/08/2016	Common Stock, $0.1 Par Value	2,927	$0	0	D
Stock Option (Right to Buy)	$6.01	03/10/2015		M			3,500	07/03/2006	07/03/2016	Common Stock, $0.1 Par Value	3,500	$0	0	D
Stock Option (Right to Buy)	$5.06	03/10/2015		M			2,927	06/06/2007	06/06/2017	Common Stock, $0.1 Par Value	2,927	$0	0	D

Explanation of Responses:

1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $20.89 to $21.50, inclusive. The reporting person undertakes to provide UFP Technologies, Inc., any security holder of UFP Technologies, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

2. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $20.13 to $21.00, inclusive. The reporting person undertakes to provide UFP Technologies, Inc., any security holder of UFP Technologies, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

3. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $19.95 to $20.80, inclusive. The reporting person undertakes to provide UFP Technologies, Inc., any security holder of UFP Technologies, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Remarks:

	Patrick J. Kinney, Jr. as attorney-in-fact for Kenneth L. Gestal	03/12/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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