Thomas E. Zelibor - Nov 19, 2021 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role
Chair of Board of Directors, Director
Signature
/s/ James S. Marcelli, Attorney-in-fact for Thomas E. Zelibor
Stock symbol
LWLG
Transactions as of
Nov 19, 2021
Transactions value $
-$2,779,000
Form type
4
Date filed
11/23/2021, 03:21 PM
Next filing
Dec 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWLG Common Stock Options Exercise $650K +500K +997.53% $1.30 550K Nov 19, 2021 Direct
transaction LWLG Common Stock Sale -$1.09M -75K -13.64% $14.57 475K Nov 19, 2021 Direct F1, F2
transaction LWLG Common Stock Sale -$716K -49.1K -10.34% $14.59 426K Nov 19, 2021 Direct F1, F3
transaction LWLG Common Stock Sale -$1.42M -101K -23.8% $14.04 325K Nov 20, 2021 Direct F1, F4
transaction LWLG Common Stock Sale -$196K -14.5K -4.46% $13.53 310K Nov 20, 2021 Direct F1
holding LWLG Common Stock 400 Nov 19, 2021 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 Stock Option (Right to Buy) Options Exercise $0 -500K -30.86% $0.00 1.12M Nov 19, 2021 Common Stock 500K $1.30 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold in connection with exercise of company stock options to pay the exercise price for the exercise of the grant (cashless exercise) and related taxes.
F2 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 $14.50 to $15.01. 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.
F3 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 $14.45 to $14.81. 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions. Shares price on this transaction ranged from $13.38 to $14.75. 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.
F5 On 5/1/2012 the registrant granted the reporting person an option to purchase up to 500,000 shares of company stock that vest pursuant to the following schedule: one hundred twenty five thousand (125,000) options vest immediately and the remaining options vest in three (3) equal quarterly installments of one hundred twenty five thousand (125,000) options per quarter.