James S. Marcelli - Mar 16, 2023 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role: President, COO, Director
Signature: /s/ James S. Marcelli
Stock symbol: LWLG
Transactions as of: Mar 16, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/20/2023, 05:43 PM
Previous filing: Jan 20, 2022
Next filing: May 17, 2023

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	+160K	+9.25%	$0.00	1.89M	Mar 16, 2023	Common Stock	160K	$5.22	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents an option award pursuant to the Company's 2016 Equity Incentive Plan, 40,003 options vested on March 16, 2023, with the remaining options vesting in 9 equal monthly installments beginning on April 1, 2023, subject to continued service with the Company through the applicable vesting dates, subject to continued service with the Company through the applicable vesting dates. This award is subject to forfeiture.

Content

Represents an option award pursuant to the Company's 2016 Equity Incentive Plan, 40,003 options vested on March 16, 2023, with the remaining options vesting in 9 equal monthly installments beginning on April 1, 2023, subject to continued service with the Company through the applicable vesting dates, subject to continued service with the Company through the applicable vesting dates. This award is subject to forfeiture.