James S. Marcelli - May 15, 2023 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role
President, COO, Director
Signature
/s/ James S. Marcelli
Stock symbol
LWLG
Transactions as of
May 15, 2023
Transactions value $
-$160,262
Form type
4
Date filed
5/17/2023, 04:01 PM
Previous filing
Mar 20, 2023
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWLG Common Stock Options Exercise $100K +100K +40.53% $1.00 347K May 15, 2023 Direct
transaction LWLG Common Stock Sale -$260K -57K -16.44% $4.57 290K May 15, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LWLG Employee Stock Option (Right to Buy) Options Exercise $0 -100K -5.29% $0.00 1.79M May 15, 2023 Common Stock 100K $1.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares sold by the Reporting Person in connection with the cashless exercise of the option and to cover tax withholding obligations.
F2 The price reported in Column 4 is a weighted average price. These shares were sold as part of a block trade in multiple transactions at prices ranging from $4.50 to $4.68, inclusive. The reporting person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2 to this Form 4.
F3 On May 17, 2013, the registrant granted the reporting person an option to purchase up to 100,000 shares of company stock that vest pursuant to the following schedule: The options vest in equal installments of 25,000 options, with the first installment vesting on August 1, 2013, and the remaining installments vesting quarterly commencing on October 1, 2013.