LIGHTPATH TECHNOLOGIES INC — Director's Dealing 2006

Nov 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: BRIZEL KEN (Director, PRESIDENT AND CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-27	Non-qualified stock option	$4.80	A	40000	Disposed	2016-10-27	Class A Common (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	71250	Direct

Footnotes

F1: 20375 shares held in joint ownership with spouse Mr. Brizel claims beneficial ownership of all reported shares.

F2: Vests over 4 years.