SEC Form 4 · accession 0000899243-18-025031

RESEARCH FRONTIERS INC · REFR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

Kevin Douglas

10% Owner · Other

DOUGLAS FAMILY TRUST

10% Owner · Other

JAMES & JEAN DOUGLAS IRREVOCABLE DESCENDANTS TRUST

10% Owner · Other

Period of report

Sep 11, 2018

Accepted (ET)

Sep 21, 2018 · 8:08 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000793524

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Sep 11, 2018	P	163,044	$0.92	A	1,107,625	D
Common Stock^F2,F3	Sep 11, 2018	P	271,739	$0.92	A	1,846,043	I	By James Douglas and Jean Douglas Irrevocable Descendants' Trust
Common Stock^F2,F4	Sep 11, 2018	P	108,696	$0.92	A	738,416	I	By Douglas Family Trust

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrant (right to buy)^F1,F2,F5	—	Sep 11, 2018	P	81,522	A	Feb 15, 2019	Sep 30, 2023	Common Stock	81,522	81,522	D
Warrant (right to buy)^F2,F3,F5	—	Sep 11, 2018	P	135,869	A	Feb 15, 2019	Sep 30, 2023	Common Stock	135,869	135,869	I
Warrant (right to buy)^F2,F4,F5	—	Sep 11, 2018	P	54,348	A	Feb 15, 2019	Sep 30, 2023	Common Stock	54,348	54,348	I

Explanation of responses

F1These shares are held directly and jointly by Kevin Douglas and his wife, Michelle Douglas.
F2Each of the reporting persons hereunder (individually, a "Reporting Person" and collectively the "Reporting Persons") may be deemed a member of a "group" within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended (the "Exchange Act") or Rule 13d-5 promulgated under the Exchange Act, with one or more of the other Reporting Persons. Although the Reporting Persons are reporting such securities as if they were members of a "group", the filing of this Form 4 shall not be deemed an admission by any Reporting Person that such Reporting Person is a beneficial owner of any securities other than those directly held by such Reporting Person.
F3These shares are held directly by the James Douglas and Jean Douglas Irrevocable Descendants' Trust and indirectly by Kevin Douglas and Michelle Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the James Douglas and Jean Douglas Irrevocable Descendants' Trust.
F4These shares are held directly by the Douglas Family Trust and indirectly by Kevin Douglas. James E. Douglas, Jr. and Jean A. Douglas, husband and wife, are each a co-trustee of the Douglas Family Trust.
F5These warrants contain a variable exercise price feature and and are exercisable at $1.10 per share if exercised prior to September 30, 2019, $1.20 per share if exercised from October 1, 2019 to September 30, 2020, and $1.38 per share if exercised after September 30, 2020.