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 OF SECURITIES
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

IRELAND JAMES D III
2. Issuer Name and Ticker or Trading Symbol

OURPETS CO [ OPCO ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

1801 EAST 9TH STREET, SUITE 1700
3. Date of Earliest Transaction (MM/DD/YYYY)

5/21/2010
(Street)

CLEVELAND, OH 44114
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Warrant   $1.432                    8/17/2007   8/17/2012   Common   9452     9452   D    
Warrant   $0.496                    2/8/2008   2/8/2013   Common   63021     63021   I   By LLC  
Warrant   $0.496                    6/20/2008   6/20/2013   Common   31511     31511   I   By LLC  
Option   $0.450                    6/20/2010   (2) 6/20/2013   Common   7000     7000   D    
Option   $0.27                    5/15/2011   (2) 5/15/2014   Common   7000     7000   D    
Preferred Stock   $0.70                    2/1/2010     (1) Common   35720     3572   I   By LLC  
Option   $.75   5/21/2010     A      7000       5/21/2012   (2) 5/21/2015   Common   7000   $0   7000   D    

Explanation of Responses:
(1)  Conversion of Preferred Stock into Common Stock has no expiration date
(2)  Options vest 1/3 on each of the 2nd, 3rd and 4th anniversaries of grant date

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
IRELAND JAMES D III
1801 EAST 9TH STREET, SUITE 1700
CLEVELAND, OH 44114
X



Signatures
/s/ James D Ireland III 5/25/2010
** Signature of Reporting Person Date


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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