RESEARCH FRONTIERS INC — Director's Dealing 2007

Feb 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RESEARCH FRONTIERS INC (REFR)
CIK: 0000793524
Period of Report: 2007-02-22

Reporting Person: HARARY JOSEPH M (Director, President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-22	Common Stock	F	34792	$7.16	Acquired	136566	Direct
2007-02-22	Common Stock	S	14200	$10.11	Disposed	122366	Direct
2007-02-23	Common Stock	S	20592	$10.1	Disposed	101774	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-22	Stock Option (right to buy)	$6.175	M	15000	Disposed	2014-12-13	Common Stock (15000)	Direct
2007-02-22	Stock Option (right to buy)	$7.375	M	70000	Disposed	2008-12-08	Common Stock (70000)	Direct
2007-02-22	Stock Option (right to buy)	$7.1562	M	16100	Disposed	2008-06-10	Common Stock (16100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11400	Indirect

Footnotes

F1: Represents the payment of $724,090.63 exercise of options to purchase a total 101,100 shares at an average exercise price of $7.16 per share by delivery of cash and reduction of securities issued by 66,308 shares, resulting in a net issuance of 34,792 shares.