LIGHTPATH TECHNOLOGIES INC — Director's Dealing 2007

Nov 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIGHTPATH TECHNOLOGIES INC (LPTH)
CIK: 0000889971
Period of Report: 2007-11-06

Reporting Person: MAGOS JAMES L (SVP - SALES)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-06	Incentive stock option	$3.05	A	10000	Acquired	2017-11-06	Class A Common (10000)	Direct
2007-11-06	Incentive stock option	$3.05	A	10000	Acquired	2017-11-06	Class A Common (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	6900	Direct
Class A Common	7500	Direct
Class A Common	5000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-qualified stock option	$2.8	2015-08-05	Class A Common (3214)	0	Direct
Non-qualified stock option	$4.42	2014-10-20	Class A Common (4000)	0	Direct
Incentive Stock Option	$4.88	2016-01-27	Class A Common (1000)	0	Direct
Incentive Stock Option	$4.88	2016-01-27	Class A Common (1000)	0	Direct
Incentive Stock Option	$4.80	2016-10-27	Class A Common (20000)	0	Direct

Footnotes

F1: Restricted stock award vested over 2 years

F2: Vests over four years

F3: These options vest if target gross margin and cash flows are met.