Frederick J. Leonberger - Dec 13, 2023 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role
Director
Signature
/s/ James S. Marcelli, Attorney-in-fact for Frederick J. Leonberger
Stock symbol
LWLG
Transactions as of
Dec 13, 2023
Transactions value $
-$279,528
Form type
4
Date filed
12/15/2023, 04:05 PM
Previous filing
Jul 21, 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 Exercise of in-the-money or at-the-money derivative security $71K +100K +64.88% $0.71* 254K Dec 13, 2023 Direct
transaction LWLG Common Stock Sale -$351K -75K -29.51% $4.67 179K Dec 13, 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 Warrant (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 +100K +12.9% $0.00 875K Dec 13, 2023 Common Stock 100K $0.72 Direct F2, 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 a weighted average price. These shares were sold in multiple transactions. Share prices on this transaction ranged from $4.62 to $4.725. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 footnote to this Form 4.
F2 The warrant vests as follows: 25,000 on January 1, 2014 with remainder vesting in 10 equal monthly installments of 7,500 over the next 10 months thereafter.
F3 Includes employee stock options to purchase up to 375,000 shares of Issuer common stock and warrants to purchase up to 500,000 shares of Issuer common stock.