Sec Form 4 Filing - JERRETT JACK E @ ORASURE TECHNOLOGIES INC - 2012-02-21

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, 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
JERRETT JACK E
2. Issuer Name and Ticker or Trading Symbol
ORASURE TECHNOLOGIES INC [ OSUR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP & General Counsel
(Last) (First) (Middle)
220 EAST FIRST STREET
3. Date of Earliest Transaction (MM/DD/YY)
02/21/2012
(Street)
BETHLEHEM, PA18015
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/21/2012 M 10,288 A $ 6.955 43,238 D
Common stock 02/21/2012 S 10,288 D $ 10.41 32,950 D
Common stock 02/23/2012 M 29,712 A $ 6.955 62,662 D
Common stock 02/23/2012 M 21,805 A $ 8.2 84,467 D
Common stock 02/23/2012 M 18,195 A $ 2.805 102,662 D
Common stock 02/23/2012 S 69,712 D $ 10.4 32,950 D
Common stock 02/23/2012 S 9,635 D $ 10.425 23,315 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: 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
Incentive stock option $ 6.955 02/21/2012 M 10,288 ( 1 ) 01/31/2013 Common stock 10,288 $ 0 8,598 D
Incentive stock option $ 6.955 02/23/2012 M 8,598 ( 1 ) 01/31/2013 Common stock 8,598 $ 0 0 D
Nonqualified stock option $ 6.955 02/23/2012 M 21,114 ( 2 ) 01/31/2013 Common stock 21,114 $ 0 0 D
Incentive stock option $ 8.2 02/23/2012 M 14,099 ( 3 ) 01/14/2014 Common stock 14,099 $ 0 0 D
Nonqualified stock option $ 8.2 02/23/2012 M 7,706 ( 4 ) 01/14/2014 Common stock 7,706 $ 0 18,195 D
Nonqualified stock option $ 2.805 02/23/2012 M 18,195 ( 5 ) 01/23/2019 Common stock 18,195 $ 0 6,065 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JERRETT JACK E
220 EAST FIRST STREET
BETHLEHEM, PA18015
SVP & General Counsel
Signatures
Mark L. Kuna, As Attorney-In-Fact for Jack E. Jerrett, (Power of Attorney previously filed) 02/23/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Incentive stock options granted on January 31, 2003, vesting and exercisable over a four year period, with one-fourth of the options vesting on the first anniversary date of the grant and the remainder vesting ratably on a monthly basis, over the remaining 36 months.
( 2 )Nonqualified stock options granted on January 31, 2003, vesting and exercisable over a four year period, with one-fourth of the options vesting on the first anniversary date of the grant and the remainder vesting ratably on a monthly basis, over the remaining 36 months.
( 3 )Incentive stock options granted on January 14, 2004 vesting and exercisable over a four year period, with one-fourth of the options vesting on the first anniversary date of the grant and the remainder vesting ratably on a monthly basis, over the remaining 36 months.
( 4 )Nonqualified stock options granted on January 14, 2004 vesting and exercisable over a four year period, with one-fourth of the options vesting on the first anniversary date of the grant and the remainder vesting ratably on a monthly basis, over the remaining 36 months.
( 5 )Nonqualified stock options granted on January 23, 2009 vesting and exercisable over a four year period, with one-fourth of the options vesting on the first anniversary date of the grant and the remainder vesting ratably on a monthly basis, over the remaining 36 months.

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