Replies to post #84751 on Lightwave Logic Inc (LWLG)

[frobinso]

Never thought I would wish I had someone elses tax problems, but I'll take em' anyday...

[Tleprathy]

That makes sense - I actually had no idea exercising warrants was a taxable event (this isn't the case in the UK as far as I know).

So you exercise the warrants and then have to dispose with a portion of your shares to cover the approx 40%. That makes perfect sense to me and doesn't seem to be a cause for concern?

[Lewrock]

The company got about 3 weeks of operating cash from the exercise of the options. I would imagine others must exercise their options before they expire as well.

Elon Musk had the same situation last week!

[jealmc79]

“He still owns 1,120,000 shares after the fact assuming he sells all 500k”

Actually, I believe he would own 50,124 shares and still have 1,120,000 options left if he sold all 500,000 shares gained from his current options exercise. So we are likely to see this same scenario again when he decides to exercise his remaining options before they expire.

He would have hade to come up with $650,000 to buy the options outright. Probably the easiest way to come up with that amount of cash was through a cashless exercise. Nothing to get excited about.

Riding the wave!