Siraj Nour El-Ahmadi - 12 Jun 2023 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role
Director
Signature
/s/ James S. Marcelli, Attorney-in-fact for Siraj Nour El-Ahmadi
Issuer symbol
LWLG
Transactions as of
12 Jun 2023
Net transactions value
-$694,500
Form type
4
Filing time
14 Jun 2023, 16:06:01 UTC
Previous filing
20 Mar 2023
Next filing
21 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWLG Common Stock Options Exercise $46,500 +50,000 +172% $0.9300 79,128 12 Jun 2023 Direct
transaction LWLG Common Stock Options Exercise $36,000 +50,000 +63% $0.7200 129,128 12 Jun 2023 Direct
transaction LWLG Common Stock Sale $777,000 -100,000 -77% $7.77 29,128 12 Jun 2023 Direct F1

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 -50,000 -7.6% $0.000000 605,000 12 Jun 2023 Common Stock 50,000 $0.9300 Direct F2
transaction LWLG Employee Stock Option (Right to Buy) Options Exercise $0 -50,000 -8.3% $0.000000 555,000 12 Jun 2023 Common Stock 50,000 $0.7200 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $7.39 to $8.03, 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 1 to this Form 4.
F2 The registrant granted the reporting person an option to purchase up to 200,000 shares of company stock that vest pursuant to the following schedule: 50,000 options vest on November 1, 2013, and the remaining options vest in three equal annual installments of 50,000 options per year commencing on October 2, 2014.
F3 The registrant granted the reporting person an option to purchase up to 50,000 shares of company stock that vest pursuant to the following schedule: 20,000 options vest on January 1, 2014, and the remaining options vest in three equal quarterly installments of 10,000 options per quarter commencing on April 1, 2014.