LPATH, INC 4

4 · LPATH, INC · Filed Feb 12, 2014

Form 4

Period: 2014-02-10

VP & CFO

Transactions

Exercise/Conversion
Restricted Stock Unit
2014-02-10−5,429→ 0 total
→ Class A Common Stock (5,429 underlying)
Exercise/Conversion
Class A Common Stock
2014-02-10+5,429→ 18,198 total
Tax Payment
Class A Common Stock
2014-02-10$4.45/sh−1,900$8,455→ 16,298 total
Award
Stock Option (Right to Buy)
2014-02-10+75,000→ 75,000 total
Exercise: $4.45Exp: 2024-02-10→ Class A Common Stock (75,000 underlying)

Footnotes (5)

[F1]Represents a restricted stock unit previously reported as 38,000 shares as adjusted to reflect a 1-for-7 reverse stock split that occurred on October 8, 2012.
[F2]The restricted stock unit represented a right to receive shares of Lpath, Inc. Class A common stock, subject to vesting requirements, at no additional conversion or exercise price.
[F3]The shares were withheld at the election of the reporting person to satisfy the Company's minimum tax withholding obligations in connection with the vesting and delivery of restricted stock units granted in February 2009.
[F4]25% of the Restricted Stock Units vested one year following the date of grant (February 9, 2009) and the remaining shares vested in 12 equal quarterly installments thereafter. Vested shares were delivered to the reporting person on the fifth anniversary of the date of grant.
[F5]25% of the option shares vest and become exercisable one year following the date of grant (Feburary 10, 2014) and the remaining shares will vest and become exercisable in 12 equal quarterly installments thereafter.

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