Lightwave Logic, Inc. — Director's Dealing 2008

Dec 23, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lightwave Logic, Inc. (LWLG)
CIK: 0001325964
Period of Report: 2008-12-19

Reporting Person: SMITH THOMAS P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-19	Common Stock	O	250000	$1	Acquired	750000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-19	Warrant to Purchase	$1	O	62500	Disposed	2009-10-18	Common Stock (62500)	Direct

Footnotes

F1: Pursuant to a $600,000 private offering whereby for each $1.00 an eligible warrant holder invests in the registrant pursuant to the exercise of their existing warrant, the eligible warrant holder will receive four (4) shares of registrant common stock instead of the number of shares stated in the eligible warrant holder's existing warrant agreement.

F2: Immediately.