Craig Ciesla - 18 Jun 2024 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role: Director
Signature: /s/ James S. Marcelli, Attorney-in-fact for Craig Ciesla
Issuer symbol: LWLG
Transactions as of: 18 Jun 2024
Net transactions value: $0
Form type: 4
Filing time: 21 Jun 2024, 16:08:40 UTC
Previous filing: 20 Mar 2023
Next filing: 02 Jul 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LWLG	Common Stock	Award	$0	+17,241	+71%	$0.000000	41,580	18 Jun 2024	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)	Award	$0	+90,000	+60%	$0.000000	240,000	18 Jun 2024	Common Stock	90,000	$5.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, 2,881 shares of restricted stock vested on June 18, 2024, with the remaining restricted stock awards vesting in 10 equal quarterly installments beginning on July 1, 2024, subject to continued service with the Company through the applicable vesting dates. Any unvested portion of this award is subject to forfeiture.
F2	Represents an option award pursuant to the Company's 2016 Equity Incentive Plan, 45,000 options vested on June 18, 2024, with the remaining options vesting in 6 equal monthly installments beginning on July 1, 2024, subject to continued service with the Company through the applicable vesting dates. Any unvested portion of this award is subject to forfeiture.

Content

Represents a restricted stock award pursuant to the Company's 2016 Equity Incentive Plan, 2,881 shares of restricted stock vested on June 18, 2024, with the remaining restricted stock awards vesting in 10 equal quarterly installments beginning on July 1, 2024, subject to continued service with the Company through the applicable vesting dates. Any unvested portion of this award is subject to forfeiture.

Represents an option award pursuant to the Company's 2016 Equity Incentive Plan, 45,000 options vested on June 18, 2024, with the remaining options vesting in 6 equal monthly installments beginning on July 1, 2024, subject to continued service with the Company through the applicable vesting dates. Any unvested portion of this award is subject to forfeiture.