Vuzix Corp — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vuzix Corp (VZX:TSXV)
CIK: 0001463972
Period of Report: 2011-02-25

Reporting Person: Lee William (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-25	Stock Option (right to buy)	$0.15	A	150000	Acquired	2021-02-24	Common Stock (150000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	110000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrant (right to buy)	$0.2849	2012-12-23	Common Stock (50000)	50000	Direct
Warrant (right to buy)	$0.2849	2012-12-23	Common Stock (12500)	12500	Indirect
Warrant (right to buy)	$0.2849	2012-12-23	Common Stock (12500)	12500	Indirect
Stock Option (right to buy)	$0.19	2019-12-23	Common Stock (300000)	300000	Direct

Footnotes

F1: These options were granted under the Issuer's 2009 Stock Option Plan and vest over 12 months from the date of grant in equal monthly installments.