Siraj Nour El-Ahmadi - Jun 12, 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
Stock symbol
LWLG
Transactions as of
Jun 12, 2023
Transactions value $
-$694,500
Form type
4
Date filed
6/14/2023, 04:06 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 $46.5K +50K +171.66% $0.93 79.1K Jun 12, 2023 Direct
transaction LWLG Common Stock Options Exercise $36K +50K +63.19% $0.72 129K Jun 12, 2023 Direct
transaction LWLG Common Stock Sale -$777K -100K -77.44% $7.77 29.1K Jun 12, 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 -50K -7.63% $0.00 605K Jun 12, 2023 Common Stock 50K $0.93 Direct F2
transaction LWLG Employee Stock Option (Right to Buy) Options Exercise $0 -50K -8.26% $0.00 555K Jun 12, 2023 Common Stock 50K $0.72 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.