RESEARCH FRONTIERS INC — Director's Dealing 2007

Jun 13, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RESEARCH FRONTIERS INC (REFR)
CIK: 0000793524
Period of Report: 2007-06-11

Reporting Person: BUDIN ROBERT M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-11	Common Stock	F	9911	$6	Acquired	42788	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-11	Stock Warrants (right to buy)	$6	M	13000	Disposed	2007-06-11	Common Stock (13000)	Direct
2007-06-11	Stock Option (right to buy)	$6	M	7500	Disposed	2007-06-11	Common Stock (7500)	Direct

Footnotes

F1: Represents the payment of $123,000 to exercise options and warrants to purchase a total of 20,500 shares at an exercise price of $6.00 per share by delivery of cash and reduction of securities issued by 10,589 shares, resulting in net issuance of 9,911 shares.