LIGHTBRIDGE Corp — Director's Dealing 2011

Sep 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIGHTBRIDGE Corp (LTBR)
CIK: 0001084554
Period of Report: 2011-04-11

Reporting Person: MAGRAW DANIEL B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-11	Restricted Stock	A	3229	—	Acquired	36754	Direct
2011-05-11	Restricted Stock	A	6987	—	Acquired	43741	Direct
2011-09-20	Common Stock	A	2970	—	Acquired	46711	Direct

Footnotes

F1: The restricted stock granted on 04/11/2011 is subject to a six-month vesting schedule. Should the director's services be terminated prior to vesting, the restricted stock will vest immediately.

F2: The restricted stock granted on 05/05/2011 is subject to a one-year vesting schedule. Should the director's services be terminated prior to vesting, the restricted stock will vest immediately.

F3: Mr. Magraw receives $19,000 in cash per year and $19,000 worth of the Company's common stock per year for serving on the board of directors of the Company. Common stock was issued under the Issuer's Second Amended and Restated 2006 Stock Plan as compensation for services in the quarters ended December 31, 2010, March 31, 2011 and June 30, 2011.