X0303 4 2010-09-01 0001251769 LPATH, INC LPTN 0001294939 Petree Daniel H C/O LPATH, INC. 6335 FERRIS SQUARE, SUITE A SAN DIEGO CA 92121 1 0 0 0 Restricted Stock Units 0 2010-09-01 4 A 0 5556 0 A Class A Common Stock 5556 5556 D Each restricted stock unit represents a contingent right to receive one share of Lpath, Inc. Class A Common Stock. The Restricted Stock Units were granted to the reporting person pursuant to the Lpath, Inc. Amended and Restated 2005 Equity Incentive Plan and are subject to a vesting schedule described in footnote (3) below. The Restricted Stock Units shall vest in four equal monthly installments, commencing September 1, 2010. Vested shares will be delivered to the reporting person on the fifth anniversary of the date of grant or upon an earlier termination of the reporting person's service to Lpath, disability, death, or sale of Lpath. /s/ Daniel H. Petree 2010-09-03