Lightwave Logic, Inc. — Director's Dealing 2008

Nov 13, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Lightwave Logic, Inc. (LWLG)
CIK: 0001325964
Period of Report: 2008-11-06

Reporting Person: SMITH THOMAS P (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrant (Right to Buy)	$1	2009-10-18	Common Stock (250000)		Direct
Employee Stock Option (Right to Buy)	$0.65	2013-10-30	Common Stock (250000)		Direct

Footnotes

F1: On November 6, 2008 the reporting person received an option to purchase up to 250,000 shares of company stock that vest pursuant to the following schedule: (i) Sixty Two Thousand Five Hundred (62,500) options vested on November 6, 2008; and (ii) the remaining options vest in three (3) equal annual installments of Sixty Two Thousand Five Hundred (62,500) options per year commencing on November 6, 2009.