Sec Form 4 Filing - GOULD MARTIN @ AMERICAN BIO MEDICA CORP - 2009-11-22

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 GOULD MARTIN 2. Issuer Name and Ticker or Trading Symbol AMERICAN BIO MEDICA CORP [ ABMC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP & CSO (Last) (First) (Middle) C/O ABMC ATTN: MELISSA WATERHOUSE, 122 SMITH ROAD 3. Date of Earliest Transaction (MM/DD/YY) 11/22/2009 (Street) KINDERHOOK, NY12106 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

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 Non-Statutory Stock Option $ 2.5 11/22/2009( 1 ) J( 2 ) 100,000 06/30/2000( 3 ) 11/22/2009 Common Shares 100,000 ( 4 ) 260,000 ( 5 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other GOULD MARTIN C/O ABMC ATTN: MELISSA WATERHOUSE 122 SMITH ROAD KINDERHOOK, NY12106 EVP & CSO Signatures Martin R. Gould 12/09/2009 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Option grant was originally issued on 11/22/99 and reported on a Form 3 filed in 2003. The expiration date of 11/22/09 was reported on this filing. ( 2 )Option grant expired naturally on 11/22/09. ( 3 )When option grant was initially issued it vested over 4 years with first 25% vesting on 6/30/2000. ( 4 )The closing price of the Company's common shares on the date of the grant (11/22/99) was $1.63. The closing price of the Company's common shares on 11/23/09 (the trading day immediately following the expiration date of 11/22/09) was $0.14. ( 5 )Mr. Gould currently has 5 option grants covering a total of 260,000 common shares of the Company. Each of these 5 grants has been previously reported on the appropriate Section 16(a) filing.

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).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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