RESEARCH FRONTIERS INC — Director's Dealing 2020

Jul 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RESEARCH FRONTIERS INC (REFR)
CIK: 0000793524
Period of Report: 2020-07-17

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
2020-07-17	Common Stock	S	8374	$3.29	Disposed	1004209	Direct
2020-07-20	Common Stock	S	31212	$3.28	Disposed	972997	Direct
2020-07-17	Common Stock	S	13956	$3.29	Disposed	1673683	Indirect
2020-07-20	Common Stock	S	52020	$3.28	Disposed	1621663	Indirect
2020-07-17	Common Stock	S	5582	$3.29	Disposed	669475	Indirect
2020-07-20	Common Stock	S	20808	$3.28	Disposed	648667	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.