Form 4 for LWLG Lightwave Logic, Inc.
Accepted 2023-07-21 00:00:00 ET · period of report 2023-07-19 · accession 0001553350-23-000398 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-07-21 | 2023-07-19 | LWLG | LEONBERGER FREDERICK J | Dir | M - OptEx | $0.7973 | +49.0K | 203.1K | +32% | +$39.1K |
| D | 2023-07-21 | 2023-07-19 | LWLG | LEONBERGER FREDERICK J | Dir | S - Sale+OE | $7.75 | -49.0K | 154.1K | -24% | -$379.8K |
| DM | 2023-07-21 | 2023-07-19 | LWLG | LEONBERGER FREDERICK J | Dir | M - OptEx | $0.00 | -49.0K | 1.00M | -5% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-07-19 | M | A | 19,000 | $0.73 | 173,128 | D | — | — | |
| 2 | Common | Common Stock | 2023-07-19 | M | A | 30,000 | $0.84 | 203,128 | D | — | — | |
| 3 | Common | Common Stock | 2023-07-19 | S | D | 49,000 | $7.75 | 154,128 | D | — | — | (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 $7.57 to $7.95. 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. |
| 4 | Derivative | Employee Stock Option (Right to Buy) | 2023-07-19 | M | D | 30,000 | $0.00 | 975,000 | D | $0.84 · — to 2029-01-13 | 30,000 Common Stock | (F4) Includes employee stock options to purchase up to 375,000,000 shares of Issuer common stock and warrants to purchase up to 600,000 shares of Issuer common stock. (F3) On 01/14/2019 the Issuer granted the Reporting Person an option to purchase up to 60,000 shares of Issuer stock that vest pursuant to the following schedule: 25% of the options vest immediately, and the remaining options vest in three equal quarterly installments of 25% of the options granted commencing on April 1, 2019. |
| 5 | Derivative | Employee Stock Option (Right to Buy) | 2023-07-19 | M | D | 19,000 | $0.00 | 1,005,000 | D | $0.73 · — to 2027-03-27 | 19,000 Common Stock | (F2) On 03/28/2017 the Issuer granted the Reporting Person an option to purchase up to 200,000 shares of Issuer 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. |