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WhiteSahara

12/18/20 1:33 PM

#60964 RE: SteveSchiets #60963

Options are a benefit in the form of an option given by a company to an employee to buy stock in the company at a discount or at a stated fixed price.
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WhiteSahara

12/18/20 1:38 PM

#60965 RE: SteveSchiets #60963

Michael Lebby has the option to buy 100,000 shares of LWLG at 1.04 before his expiration date which is March 7, 2029 on this Form 4.

https://www.sec.gov/Archives/edgar/data/1325964/000155335019000360/xslF345X03/lebby4.xml

When LWLG hits $50 per share and he decides to make a purchase, he'll make around $48.96 per share.