Sec Form 4 Filing - Zelibor Thomas Edward @ Lightwave Logic, Inc. - 2021-11-19

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Zelibor Thomas Edward 2. Issuer Name and Ticker or Trading Symbol Lightwave Logic, Inc. [ LWLG] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chair of Board of Directors (Last) (First) (Middle) 369 INVERNESS PARKWAY, SUITE 350 3. Date of Earliest Transaction (MM/DD/YY) 11/19/2021 (Street) ENGLEWOOD, CO80112 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/19/2021 M 500,000 A $ 1.3 550,124 D Common Stock 11/19/2021 S( 1 ) 75,046 D $ 14.57( 2 ) 475,078 D Common Stock 11/19/2021 S( 1 ) 49,106 D $ 14.59( 3 ) 425,972 D Common Stock 11/20/2021 S( 1 ) 101,373 D $ 14.04( 4 ) 324,599 D Common Stock 11/20/2021 S( 1 ) 14,475 D $ 13.53 310,124 D Common Stock 400 I By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option (Right to Buy) $ 1.3 11/19/2021 M 500,000 ( 5 ) 04/30/2022 Common Stock 500,000 $ 0 1,120,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Zelibor Thomas Edward 369 INVERNESS PARKWAY SUITE 350 ENGLEWOOD, CO80112 X Chair of Board of Directors Signatures /s/ James S. Marcelli, Attorney-in-fact for Thomas E. Zelibor 11/23/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )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. ( 2 )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. ( 3 )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. ( 4 )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. ( 5 )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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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