Lightwave Logic, Inc. — Director's Dealing 2008

Aug 8, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Lightwave Logic, Inc. (LWLG)
CIK: 0001325964
Period of Report: 2008-08-01

Reporting Person: Marcelli James S. (Director, Chief Executive Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	200000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$1.75	2013-07-31	Common Stock (1050000)		Direct

Footnotes

F1: On August 1, 2008 the reporting person received an option to purchase up to 1,050,000 shares of company common stock. The options vest quarterly over three years in equal installments of 87,500 shares per quarter beginning November 1, 2008.