Ronald A. Bucchi - Jun 6, 2023 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role
Director
Signature
/s/James S. Marcelli, Attorney-in-fact for Ronald A. Bucchi
Stock symbol
LWLG
Transactions as of
Jun 6, 2023
Transactions value $
-$184,663
Form type
4
Date filed
6/7/2023, 04:00 PM
Previous filing
Mar 20, 2023
Next filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWLG Common Stock Options Exercise $42K +50K +85.11% $0.84 109K Jun 6, 2023 Direct
transaction LWLG Common Stock Sale -$227K -27.6K -25.4% $8.21 81.1K Jun 6, 2023 Direct F1, F2
holding LWLG Common Stock 3K Jun 6, 2023 By Spouse

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 -50K -4.81% $0.00 990K Jun 6, 2023 Common Stock 50K $0.84 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 in multiple transactions at prices ranging from $8.19 to $8.25, 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 August 29, 2013 the reporting person received an option to purchase up to 50,000 shares of company stock that vest pursuant to the following schedule: 20,000 options vest on August 29, 2013, and the remaining options vest in three equal quarterly installments of 10,000 options per quarter commencing on October 1, 2013