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LIGHTPATH TECHNOLOGIES INC Director's Dealing 2006

Nov 1, 2006

33165_dirs_2006-11-01_204949f5-20b7-4b3f-8e15-59e6ecaa4853.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LIGHTPATH TECHNOLOGIES INC (LPTH)
CIK: 0000889971
Period of Report: 2006-10-27

Reporting Person: GAYNOR JOSEPH J JR (VICE PRESIDENT)

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Non-qualified stock option $3.47 2006-07-24 Class A Common (15000) Direct
Non-qualified stock option $4.80 2016-10-27 Class A Common (20000) Direct

Footnotes

F1: Vests over 4 years.

F2: These stock options vest over two years.