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 *
RIPP ROBERT
   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
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
2603 CHALLENGER TECH CT, SUITE 100		 3. Date of Earliest Transaction (Month/Day/Year)
02/01/2008
(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               7,812 I Trust-Children (1)
Class A Common               167,863 D  

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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
Common Stock Warrant (Right to buy) $ 3.2             01/05/2004 09/30/2013 Class A Common 100,000   0 D  
Common Stock Warrant (Right to buy) $ 48             11/05/1999 11/10/2009 Class A Common 20,156   0 D  
Common Stock Warrant (Right to buy) $ 48             11/05/1999 11/10/2009 Class A Common 15,000   0 D  
Restricted Stock Unit (4) $ 0 (2)             10/20/2004(3) 10/20/2014 Class A Common 6,000   0 D  
Restricted Stock Unit $ 0 (2)             10/20/2005(3) 10/20/2014 Class A Common 2,850   0 D  
Restricted Stock Unit $ 0 (2)             10/20/2006(3) 10/20/2014 Class A Common 2,850   0 D  
Non-qualified stock option $ 2.41 (2)             11/10/2006(3) 11/10/2015 Class A Common 2,033   0 D  
Non-qualified stock option $ 2.41 (2)             11/10/2007 11/10/2015 Class A Common 2,033   0 D  
Non-qualified stock option $ 2.41 (2)             11/10/2008 11/10/2015 Class A Common 2,034   0 D  
Restricted Stock Unit $ 0 (2)             11/10/2006(3) 11/10/2015 Class A Common 3,333   0 D  
Restricted Stock Unit $ 0 (2)             11/10/2007(3) 11/10/2015 Class A Common 3,333   0 D  
Restricted Stock Unit $ 0 (2)             10/10/2008(3) 11/10/2015 Class A Common 3,334   0 D  
Restricted Stock Unit $ 0 (2)             10/27/2007(3) 10/27/2016 Class A Common 3,333   0 D  
Restricted Stock Unit $ 0 (2)             10/27/2008(3) 10/27/2016 Class A Common 3,333   0 D  
Restricted Stock Unit $ 0 (2)             10/27/2009(3) 10/27/2016 Class A Common 3,333   0 D  
Restricked Stock Unit $ 0               (5) 11/06/2017 Class A Common 10,000   0 D  
Non-qualified stock option $ 1.86 02/01/2008   A   30,000     (5) 02/01/2018 Class A Common 30,000 $ 1.86 330,819 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
RIPP ROBERT
2603 CHALLENGER TECH CT
SUITE 100
ORLANDO, FL 32826		   X      

Signatures

 /s/ Robert Ripp   02/07/2008
**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) The reporting person declaim beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the Securities for purposes of Section 16 or any other purpose
(2) Restricted stock units convert at a 1-to-1 ratio to Class A Common
(3) The Reporting person shall be eligible to electively receive one share of Class A Common for each restricted stock unit at this date subject to continued employment
(4) Granted as vested in lieu of grant in prior year
(5) These shares vest over four years.

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