Thomas E. Zelibor - 19 Nov 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
Issuer symbol
LWLG
Transactions as of
19 Nov 2021
Transactions value $
-$2,779,000
Form type
4
Filing time
23 Nov 2021, 15:21:25 UTC
Next filing
27 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWLG Common Stock Options Exercise $650,000 +500,000 +998% $1.3 550,124 19 Nov 2021 Direct
transaction LWLG Common Stock Sale -$1,093,420 -75,046 -14% $14.57 475,078 19 Nov 2021 Direct F1, F2
transaction LWLG Common Stock Sale -$716,456 -49,106 -10% $14.59 425,972 19 Nov 2021 Direct F1, F3
transaction LWLG Common Stock Sale -$1,423,276 -101,373 -24% $14.04 324,599 20 Nov 2021 Direct F1, F4
transaction LWLG Common Stock Sale -$195,846 -14,475 -4.5% $13.53 310,124 20 Nov 2021 Direct F1
holding LWLG Common Stock 400 19 Nov 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 -500,000 -31% $0 1,120,000 19 Nov 2021 Common Stock 500,000 $1.3 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.