LIGHTBRIDGE Corp — Director's Dealing 2010

Jul 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIGHTBRIDGE Corp (LTBR)
CIK: 0001084554
Period of Report: 2010-07-16

Reporting Person: GRAE SETH (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-16	Common Stock	M	128139	$4.68	Acquired	654610	Direct
2010-07-16	Common Stock	F	70719	$8.48	Disposed	583891	Direct
2010-07-16	Common Stock	J	28710	$8.48	Disposed	555181	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-16	Stock Option (Right to Buy)	$4.68	M	128139	Disposed	2010-08-17	Common Stock (128139)	Direct

Footnotes

F1: Surrender of shares of the Issuer's common stock in connection with the cashless exercise of a stock option.

F2: The Issuer redeemed 28,710 shares from Mr. Grae on July 16, 2010. The proceeds of this redemption were paid directly to
federal and/or state taxing authorities for tax withholding of Mr. Grae's tax liability relating to the cashless exercise of
an option to purchase 128,139 shares of the Issuer's common stock.

F3: Exercise of stock option.