Lightwave Logic, Inc. — Director's Dealing 2021

Dec 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lightwave Logic, Inc. (LWLG)
CIK: 0001325964
Period of Report: 2021-12-27

Reporting Person: LEONBERGER FREDERICK J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-27	Common Stock	M	150000	$0.73	Acquired	150000	Direct
2021-12-27	Common Stock	S	41772	$16.41	Disposed	108228	Direct
2021-12-27	Common Stock	S	108228	$16.88	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-27	Stock Option (Right to Buy)	$0.73	M	150000	Disposed	2027-03-27	Common Stock (150000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions. Share prices on this transaction ranged from $16.00 to $16.67. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions. Share prices on this transaction ranged from $16.60 to $17.48. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote to this Form 4.

F3: On 03/28/2017 the registrant granted the reporting person an option to purchase up to 200,000 shares of company stock that vest pursuant to the following schedule: 50,000 options vest on April 1, 2017, and the remaining options vest in three equal annual installments of 50,000 options per year commencing on the 1st day of each one year anniversary of the initial vesting date.

F4: Includes employee stock options to purchase up to 280,000 shares of common stock and warrants to purchase up to 725,000 shares of common stock.