BioSphere Medical (BSMD)

Summary Compensation Table

        The following table sets forth information for fiscal 2007 and 2006 regarding compensation earned by: (i) our chief executive officer; (ii) our chief financial officer; (iii) one other highly compensated officer who was serving as of the end of fiscal 2007 and 2006; and (iv) our former chief operating officer, for whom disclosure would have been required but for the fact that he was not serving as our executive officer as of the end of fiscal 2007. We refer to these four officers herein as our named executive officers:

(1)

Refer to Note 2 "Summary of Significant Accounting Policies" and Note 13 "Stock Plans" in the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007 for the relevant assumptions used to determine the valuation of our stock and option awards.

(2)

Amounts shown reflect incentive-based awards earned in that year pursuant to our annual incentive-based award program, which amounts were paid in the first quarter of the following year.

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(3)

Amounts shown include (a) the matching contributions made to the 401(k) savings plan on behalf of the named executive officers, and (b) the taxable portion of group life insurance payments made by the company on behalf of the executive officers.

(4)

Includes $77,004 in living allowance payments made in fiscal 2007 and $35,951 in tax gross up payments made in 2007 relating to housing and commuting expenses incurred in fiscal 2004 and 2005.

(5)

Includes $44,633 in housing and commuting expenses paid in fiscal 2006 and $20,803 in tax gross up payments made in 2006 relating to housing and commuting expenses incurred in fiscal 2006.

(6)

Includes $2,400 in payments received by Mr. Joyce in both fiscal 2007 and 2006 under a benefit program pursuant to which employees who do not participate in our health insurance benefits are reimbursed for up to $200 per month to offset third party health insurance premiums.

(7)

Mr. Saxton resigned effective July 27, 2007.

(8)

Includes $47,250 in living allowance payments made in fiscal 2007 and $23,524 in tax gross up payments made in 2007 relating to housing and commuting expenses incurred in fiscal 2006.

(9)

Includes $53,527 in housing and commuting expenses paid in 2006 and $45,310 in tax gross up payments made in 2006 relating to housing and commuting expenses incurred in fiscal 2006, 2005 and 2004.

SUMMARY COMPENSATION TABLE

(1)

These bonuses, which were awarded for and accrued in the year noted, were paid in the subsequent year.

(2)

Represents the amounts of matching contributions made by the Company to the Retirement Savings Plan and the taxable portion of group life insurance.

(3)

Mr. Faleschini joined the Company in November 2004.

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(4)

Mr. Looney served from August 2002 until November 2004 as the Company's Chief Executive Officer and President. "All Other Compensation" for 2004 includes $1,500 for matching contributions made by the Company to the Retirement Savings Plan, $2,385 for the taxable portion of group life insurance and $41,000 in severance benefits, representing (i) an initial payment of $4,100 paid on November 11, 2004 and (ii) bi-weekly payments of $12,300 paid from the date of Mr. Looney's separation on November 2, 2004 through December 31, 2004. "All Other Compensation" for 2002 includes $1,500 for matching contributions made by the Company to the Retirement Savings Plan, $993 for the taxable portion of group life insurance and $21,764 for service as the interim Chief Executive Officer in 2002.

(5)

Mr. Sutcliffe joined the Company in October 2002.

(6)

Mr. McGrath ceased to be an officer of the Company in March 2005.

(7)

Mr. Palladino ceased to be an officer of the Company in June 2004.

(8)

Mr. Keenan ceased to be an officer of the Company in January 2005.