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OMB APPROVAL
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------ OMB Number: 3235-0287
FORM 4 Expires: January 31, 2005
------ Estimated average burden
hours per response ....... 0.5
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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(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Childress Todd
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(Last) (First) (Middle)
2603 Challenger Tech Court Suite 100
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(Street)
Orlando FL 32826
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
LPTH
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3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Year
February 2003
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
CFO
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7. Individual or Joint/Group Filing (Check applicable line)
[x] Form filed by One Reporting Person
[ ] Form filed by More Than one Reporting Person
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Page 1 of 3
Form 4 (continued)
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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| | | | Amount | |
| | | | of | |
| | | Securities | Secur- | | Nature
| | | Acquired (A) | ities | Owner- | of
| | | or Disposed | Bene- | ship | Indirect
| | | of (D) (Instr. | ficially | Form: | Bene-
| | Transaction | 3, 4 and 5) | Owned at | Direct | ficial
| | Code | ---------------- | End | (D) or | Owner-
| Transaction | (Instr. 8) | |(A)| | of Month | Indirect | ship
Title of Security | Date | ----------- | Amount|or |Price | (Instr. | (I) | (Instr.
(Instr. 3) | (mm/dd/yy) | Code | V | |(D)| | 3 and 4) | (Instr.4)| 4)
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Class A common stock (1) 02/21/03 A V 6,000 A $0.28 51,255 D
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1) Restricted Stock Award which vests over 2 years.
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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).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL
NUMBER.
Page 2 of 3
Form 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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| | | |Number | | | | Number |Owner-|
| | | |of | | | | of |ship |
| | | |Deriv- | |Title and | | Deriv- |of |
|Conver-| | |ative | |Amount of | | ative |Deriv-|
|sion | | |Secur- | |Underlying | | Secur- |ative |Nature
|of | | |ities | |Securities | | ities |Secur-|of
|Exer- | | |Acquired |Date |(Instr. 3 |Price | Bene- |ity: |In-
|cise | |Trans- |(A) or |Exercisable and |and 4) |of | ficially|Direct|direct
|Price |Trans- |action |Disposed |Expiration Date |-------------|Deriv- | Owned |(D) or|Bene-
|of |action |Code |of(D) |(Month/Day/Year) | |Amount|ative | at End |In- |ficial
Title of |Deriv- |Date |(Instr.|(Instr.3,|-----------------| |or |Secur- | of |direct|Owner-
Derivative |ative |(Month/ |8) |4 and 5) |Date | Expira-| |Number|ity | Month |(I) |ship
Security |Secur- |Day/ |------ |-------- |Exer- | tion | |of |(Instr.| (Instr. |(Instr|(Instr.
(Instr. 3) |ity |Year) |Code|V |(A) | (D)|cisable | Date |Title |Shares|5) | 4) |4) |4)
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Stock Option (3) $3.33 2/21/03 D V 12000 1/17/02 1/12 Common 12000 0 D
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3) Option Cancelled.
Explanation of Responses:
/s/ Todd Childress 2/26/03
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedures.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB Number. Page 3 of 3