Lightwave Logic, Inc. — Director's Dealing 2023

Mar 20, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lightwave Logic, Inc. (LWLG)
CIK: 0001325964
Period of Report: 2023-03-16

Reporting Person: LEONBERGER FREDERICK J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-16	Common Stock	A	23946	—	Acquired	154128	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-16	Employee Stock Option (Right to Buy)	$5.22	A	125000	Acquired	2033-03-15	Common Stock (125000)	Direct

Footnotes

F1: Represents a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, 2,001 shares of restricted stock vested on March 16, 2023, with the remaining restricted stock awards vesting in 33 equal monthly installments beginning on April 1, 2023, subject to continued service with the Company through the applicable vesting dates. This award is subject to forfeiture.

F2: Represents an option award pursuant to the Company's 2016 Equity Incentive Plan, 31,256 options vested on March 16, 2023, with the remaining options vesting in 9 equal monthly installments beginning on April 1, 2023, subject to continued service with the Company through the applicable vesting dates. This award is subject to forfeiture.

F3: Includes employee stock options to purchase up to 424,000 shares of common stock and warrants to purchase up to 600,000 shares of common stock.