FREDERICK J. LEONBERGER - 27 Dec 2021 Form 4 Insider Report for Lightwave Logic, Inc. (LWLG)

Role
Director
Signature
/s/ James S. Marcelli, Attorney-in-fact for Frederick J. Leonberger
Issuer symbol
LWLG
Transactions as of
27 Dec 2021
Net transactions value
-$2,402,867
Form type
4
Filing time
29 Dec 2021, 16:09:49 UTC
Next filing
20 Jan 2022
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 $109,500 +150,000 $0.7300* 150,000 27 Dec 2021 Direct
transaction LWLG Common Stock Sale $685,479 -41,772 -28% $16.41 108,228 27 Dec 2021 Direct F1
transaction LWLG Common Stock Sale $1,826,889 -108,228 -100% $16.88 0 27 Dec 2021 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 Stock Option (Right to Buy) Options Exercise $0 -150,000 -13% $0.000000 1,005,000 27 Dec 2021 Common Stock 150,000 $0.7300 Direct F3, F4
* 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 $16.00 to $16.67. 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions. Share prices on this transaction ranged from $16.60 to $17.48. 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 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 Includes employee stock options to purchase up to 280,000 shares of common stock and warrants to purchase up to 725,000 shares of common stock.