Summary of OCEAN BIO CHEM INC

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On May 9, 2012, Ocean Bio-Chem, Inc. (the "Company") granted stock awards to each of its named executive officers (as listed in the proxy statement for its 2012 Annual Meeting of Shareholders), as set forth in the following table:

                                                              Number of Shares
                Name and Position                          Underlying Stock Award

Peter G. Dornau
Chairman of the Board, President and Chief                         15,000
Executive Officer

Gregor M. Dornau
Vice President - Sales & Marketing                                 15,000

Jeffrey S. Barocas
Vice President-Finance and Chief Financial                         16,000
Officer

William W. Dudman
Vice President - Operations and Secretary                          15,000

All stock awards vested immediately upon grant. The stock awards were issued under the Ocean Bio-Chem, Inc. Omnibus Equity Compensation Plan