Lightwave Logic, Inc. — Director's Dealing 2023

Jun 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lightwave Logic, Inc. (LWLG)
CIK: 0001325964
Period of Report: 2023-06-12

Reporting Person: El-Ahmadi Siraj Nour (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-12	Common Stock	M	50000	$0.93	Acquired	79128	Direct
2023-06-12	Common Stock	M	50000	$0.72	Acquired	129128	Direct
2023-06-12	Common Stock	S	100000	$7.77	Disposed	29128	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-12	Employee Stock Option (Right to Buy)	$0.93	M	50000	Disposed	2023-10-01	Common Stock (50000)	Direct
2023-06-12	Employee Stock Option (Right to Buy)	$0.72	M	50000	Disposed	2023-12-31	Common Stock (50000)	Direct

Footnotes

F1: The price reported in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $7.39 to $8.03, inclusive. The reporting person undertakes to provide to the registrant, any security holder of the registrant, 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 this footnote 1 to this Form 4.

F2: 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 November 1, 2013, and the remaining options vest in three equal annual installments of 50,000 options per year commencing on October 2, 2014.

F3: The registrant granted the reporting person an option to purchase up to 50,000 shares of company stock that vest pursuant to the following schedule: 20,000 options vest on January 1, 2014, and the remaining options vest in three equal quarterly installments of 10,000 options per quarter commencing on April 1, 2014.