FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GAYNOR JOSEPH J JR
2. Issuer Name and Ticker or Trading Symbol

LIGHTPATH TECHNOLOGIES INC [ LPTH ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President & CEO
(Last)          (First)          (Middle)

2603 CHALLENGER TECH COURT, SUITE 100
3. Date of Earliest Transaction (MM/DD/YYYY)

10/25/2012
(Street)

ORLANDO, FL 32826
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common                  14432   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified stock option   $3.47   (2)                  7/24/2008   7/24/2016   Class A Common   15000     0   D    
Non-qualified stock option   $4.80   (1)                  10/27/2007   10/27/2016   Class A Common   20000     0   D    
Incentive stock option   $3.05                    11/6/2008   (1) 11/6/2017   Class A Common   15000     0   D    
Incentive stock option   $2.10                    1/31/2009   (1) 1/31/2018   Class A Common   30000     0   D    
8% Convertible Debt   $1.40                    8/1/2008   8/1/2011   Class A Common   12175     0   D    
Common stock warrant   $1.68                    8/1/2008   8/1/2013   Class A Common   5275     0   D    
Common stock warrant   $1.89                    8/1/2008   8/1/2013   Class A Common   2841     0   D    
Common stock warrant   (3) $.87                    12/31/2008   12/31/2013   Class A Common   3159     0   D    
Common stock option   $2.66                    2/4/2011   (1) 2/4/2020   Class A Common   50000     0   D    
Common stock warrant   $2.48                    10/8/2010   10/8/2015   Class A Common   228     0   D    
incentive stock option   $2.69                    11/3/2011   (1) 11/3/2020   Class A Common   25000     0   D    
Incentive stock option   $1.39                    10/27/2012   (1) 10/27/2021   Class A Common   40000     0   D    
Incentive stock option   $0.98   10/25/2012     A      40000       10/25/2013   (1) 10/25/2022   Class A Common   40000   $0.98   360135   D    

Explanation of Responses:
( 1)  Vests over 4 years.
( 2)  These stock options vest over two years.
( 3)  These warrants were issued pursuant to amendment #1 to 8% senior debentures.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GAYNOR JOSEPH J JR
2603 CHALLENGER TECH COURT
SUITE 100
ORLANDO, FL 32826
X
President & CEO

Signatures
/s/ Joseph James Gaynor 10/26/2012
** Signature of Reporting Person Date


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).
** 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 is insufficient, see Instruction 6 for procedure.
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.
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