Ownership Submission
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
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 (Month/Day/Year)
11/03/2010
(Street)

ORLANDO, FL 32826		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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               12,253 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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)             07/24/2008 07/24/2016 Class A Common 15,000   0 D  
Non-qualified stock option $ 4.8 (1)             10/27/2007 10/27/2016 Class A Common 20,000   0 D  
Incentive stock option $ 3.05             11/06/2008(1) 11/06/2017 Class A Common 15,000   0 D  
Incentive stock option $ 2.1             01/31/2009(1) 01/31/2018 Class A Common 30,000   0 D  
8% Convertible Debt $ 1.4             08/01/2008 08/01/2011 Class A Common 12,175   0 D  
Common stock warrant $ 1.68             08/01/2008 08/01/2013 Class A Common 5,276   0 D  
Common stock warrant $ 1.89             08/01/2008 08/01/2013 Class A Common 2,841   0 D  
Common stock warrant (3) $ 0.87             12/31/2008 12/31/2013 Class A Common 3,159   0 D  
Common stock option $ 2.66             02/04/2011(1) 02/04/2020 Class A Common 50,000   0 D  
Common stock warrant $ 2.48             10/08/2010 10/08/2015 Class A Common 228   0 D  
incentive stock option $ 2.69 11/03/2010   A   25,000   11/03/2011(1) 11/03/2020 Class A Common 25,000 $ 2.69 190,932 D  

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   11/05/2010
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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.

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