RESEARCH FRONTIERS INC — Director's Dealing 2014

May 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RESEARCH FRONTIERS INC (REFR)
CIK: 0000793524
Period of Report: 2014-05-14

Reporting Person: DOUGLAS KEVIN (10% Owner, 13(d)(3) group)
Reporting Person: DOUGLAS FAMILY TRUST (10% Owner, 13(d)(3) group)
Reporting Person: JAMES & JEAN DOUGLAS IRREVOCABLE DESCENDANTS TRUST (10% Owner, 13(d)(3) group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-14	Common Stock	X	15000	$4.45	Acquired	910652	Direct
2014-05-14	Common Stock	X	25000	$4.45	Acquired	1517754	Indirect
2014-05-14	Common Stock	X	10000	$4.45	Acquired	607101	Indirect
2014-05-15	Common Stock	P	15387	$5.30	Acquired	926039	Direct
2014-05-15	Common Stock	P	25646	$5.30	Acquired	1543400	Indirect
2014-05-15	Common Stock	P	10258	$5.30	Acquired	617359	Indirect
2014-05-16	Common Stock	P	2610	$5.30	Acquired	928649	Direct
2014-05-16	Common Stock	P	4350	$5.30	Acquired	1547750	Indirect
2014-05-16	Common Stock	P	1740	$5.30	Acquired	619099	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-14	Warrant (right to buy)	$4.45	X	15000	Disposed	2017-08-31	Common Stock (15000)	Direct
2014-05-14	Warrant (right to buy)	$4.45	X	25000	Disposed	2017-08-31	Common Stock (25000)	Indirect
2014-05-14	Warrant (right to buy)	$4.45	X	10000	Disposed	2017-08-31	Common Stock (10000)	Indirect

Footnotes

F1: These shares are held directly and jointly by Kevin Douglas and his wife, Michelle Douglas.

F2: Each of the reporting persons hereunder (individually, a "Reporting Person" and collectively the "Reporting Persons") may be deemed a member of a "group" within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended (the "Exchange Act") or Rule 13d-5 promulgated under the Exchange Act, with one or more of the other Reporting Persons. Although the Reporting Persons are reporting such securities as if they were members of a "group", the filing of this Form 4 shall not be deemed an admission by any Reporting Person that such Reporting Person is a beneficial owner of any securities other than those directly held by such Reporting Person.

F3: These shares are held directly by the James Douglas and Jean Douglas Irrevocable Descendants' Trust and indirectly by Kevin Douglas and Michelle Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the James Douglas and Jean Douglas Irrevocable Descendants' Trust.

F4: These shares are held directly by the Douglas Family Trust and indirectly by Kevin Douglas. James E. Douglas, Jr. and Jean A. Douglas, husband and wife, are each a co-trustee of the Douglas Family Trust.

F5: This warrant is exercisable at any time up to and including the expiration date. The terms of this warrant contain a limitation on conversion which prevents the Reporting Person from converting this warrant into shares if, after giving effect to the conversion, the Reporting Person would beneficially own more than 14.99% of the issuer's outstanding shares.