Lightwave Logic, Inc. — Director's Dealing 2021

Nov 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lightwave Logic, Inc. (LWLG)
CIK: 0001325964
Period of Report: 2021-11-19

Reporting Person: Zelibor Thomas Edward (Director, Chair of Board of Directors)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-19	Common Stock	M	500000	$1.30	Acquired	550124	Direct
2021-11-19	Common Stock	S	75046	$14.57	Disposed	475078	Direct
2021-11-19	Common Stock	S	49106	$14.59	Disposed	425972	Direct
2021-11-20	Common Stock	S	101373	$14.04	Disposed	324599	Direct
2021-11-20	Common Stock	S	14475	$13.53	Disposed	310124	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-19	Stock Option (Right to Buy)	$1.30	M	500000	Disposed	2022-04-30	Common Stock (500000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	400	Indirect

Footnotes

F1: Shares sold in connection with exercise of company stock options to pay the exercise price for the exercise of the grant (cashless exercise) and related taxes.

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 $14.50 to $15.01. 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: 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 $14.45 to $14.81. 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.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions. Shares price on this transaction ranged from $13.38 to $14.75. 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.

F5: On 5/1/2012 the registrant granted the reporting person an option to purchase up to 500,000 shares of company stock that vest pursuant to the following schedule: one hundred twenty five thousand (125,000) options vest immediately and the remaining options vest in three (3) equal quarterly installments of one hundred twenty five thousand (125,000) options per quarter.