X0305 4 2012-05-09 0 0001425919 Islet Sciences, Inc ISLT 0001539975 Perlin Joel 1370 AVENUE OF THE AMERICAS SUITE 902 NEW YORK NY 10019 1 0 0 0 Common stock 2012-05-09 4 P 0 240000 108000 A 1940000 I By The Perlin Family Trust (DTD 12/27/95) Common stock 2000000 I By H.S. Perlin Co., Inc., Defined Benefit Pension Plan Warrants 1 2012-05-09 4 P 0 120000 1 A 2012-05-09 2017-05-09 Common stock 120000 120000 I By The Perlin Family Trust (DTD 12/27/95) /s/ Joel Perlin 2012-05-16