Frederick J. Leonberger - Dec 2, 2022 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 2, 2022
Transactions value $
-$73,978
Form type
4
Date filed
12/6/2022, 03:00 PM
Previous filing
Jan 20, 2022
Next filing
Mar 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWLG Common Stock Options Exercise $22.6K +31K +598.22% $0.73* 36.2K Dec 2, 2022 Direct
transaction LWLG Common Stock Sale -$219K -31K -85.68% $7.07 5.18K Dec 2, 2022 Direct F1
transaction LWLG Common Stock Exercise of in-the-money or at-the-money derivative security $123K +125K +2412.2% $0.98* 130K Dec 2, 2022 Direct F2

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 -31K -2.94% $0.00 1.02M Dec 2, 2022 Common Stock 31K $0.73 Direct F3
transaction LWLG Warrant (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 -125K -12.21% $0.00 899K Dec 2, 2022 Common Stock 125K $0.98 Direct F4, F5
* 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 $7.03 to $7.16. 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 amount of securities reported in Column 5 includes a restricted stock award of 5,182 shares that vest in 3 equal annual installments over 3 years, with the first installment vesting December 31, 2022, subject to continued service with the Company through the applicable vesting dates. Any unvested 5,182 award shares are subject to forfeiture.
F3 On 03/28/2017 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 April 1, 2017, and the remaining options vest in three equal annual installments of 50,000 options per year commencing on the 1st day of each one year anniversary of the initial vesting date.
F4 The warrant vests as follows: 31,256 on December 13, 2012 with remainder vesting in equal monthly installments of 7,812 over the next 12 months thereafter.
F5 Includes employee stock options to purchase up to 299,000 shares of common stock and warrants to purchase up to 600,000 shares of common stock.