<SEC-DOCUMENT>0001387131-16-007641.txt : 20170117
<SEC-HEADER>0001387131-16-007641.hdr.sgml : 20170117
<ACCEPTANCE-DATETIME>20161101171128
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001387131-16-007641
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20161101

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIGHTPATH TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000889971
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				860708398
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		2603 CHALLENGER TECH CT
		STREET 2:		SUITE 100
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32826
		BUSINESS PHONE:		4073824003
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><IMG SRC="lpth-corresp_img001.jpg" ALT="LPTH Logo 010301" STYLE="height: 88px; width: 360px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">November 1, 2016</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"><FONT STYLE="font-style: normal">VIA EDGAR CORRESPONDENCE
TRANSMISSION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ms. Amanda Ravitz</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Assistant Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Office of Electronics and Machinery</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">United States Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Division of Corporate Finance &#8211; Mail Stop 3030</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">Washington, DC 20549</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt"><B>Re:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><B>LightPath Technologies, Inc. </B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><B>Registration Statement on Form S-1</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><B>Filed September 29, 2016</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><B>File No. 333-213860</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0; text-align: justify">Dear Ms. Ravitz:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">LightPath Technologies, Inc., a Delaware
corporation (the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; or &#8220;our&#8221;), is submitting this letter in
response to the comment letter from the staff (the &#8220;Staff&#8221;) of the Securities and Exchange Commission (the &#8220;Commission&#8221;)
dated October 20, 2016 (the &#8220;Comment Letter&#8221;), with respect to the Company&#8217;s Registration Statement on Form S-1
(File No. 333-213860) (the &#8220;Registration Statement&#8221;) filed with the Commission on September 29, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">This letter sets forth the comments of
the Staff in the Comment Letter (numbered in accordance with the Comment Letter) and, following the comment, sets forth our response.
We are also simultaneously filing a pre-effective amendment to the Registration Statement in response to the Staff&#8217;s comments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><U>Use of Proceeds, page 16</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify"><I>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><I>We note on page
35 of your preliminary proxy statement on Schedule 14A filed September 26, 2016 that you anticipate having to issue 4,678,362 shares
of Class A common stock in order to fund the cash portion of the purchase price of ISP Optics Corporation. Please clarify why you
are registering a significant additional amount of shares. Also, if you will have proceeds remaining after you fund your acquisition
of ISP, please revise to clarify how you will use the remaining proceeds. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><U>Response:</U> We have revised
the disclosure under the &#8220;Use of Proceeds&#8221; section to explain why we are registering more shares of our Class A
Common Stock than we currently expect to issue in connection with the acquisition of ISP Optics Corporation
(&#8220;ISP&#8221;). We have also reduced the number of shares we are registering under the Registration Statement. The
reduction is based upon a re-evaluation of the range of the number of shares we would likely need to issue in connection with
the acquisition of ISP. We do
not expect to have any material proceeds remaining after we fund the acquisition of ISP and pay transaction expenses and
integration costs associated therewith. However, we have revised the disclosure under the &ldquo;Use of Proceeds&rdquo;
section to state that in the event we have proceeds remaining after we fund our acquisition of ISP, we intend to use such
proceeds for general corporate purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><U>Management&#8217;s Discussion and
Analysis of Financial Condition and Results of Operations &#8211; ISP, page 42</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify"><I>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><I>Please revise
this registration statement to address the comments issued on October 20, 2016 related to your preliminary proxy statement filed
on September 26, 2016. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><U>Response:</U> We have revised the
registration statement to address the comments issued on October 20, 2016 related to our preliminary proxy statement filed on September
26, 2016.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">Response of LightPath Technologies, Inc.<BR>
to Staff Comment Letter of October 20, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><U>Executive Compensation, page 61</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify"><I>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><I>We note the disclosure
on page 62 that the disclosure includes the material information you believe is necessary to understand the disclosures in your
summary compensation table. Please revise to clarify how you reached that conclusion. We note, for example, that page 14 of an
investor presentation included with your Form 8-K dated December 3, 2015 referenced discretionary stock option grants at a premium
to market; however, your disclosure on page 64 indicates such awards have exercise prices equal to the closing market price on
the day prior to the grant date. That investor presentation also references stock ownership requirements for your named executive
officers, but those ownership requirements are not discussed here. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><U>Response:</U> We acknowledge the Staff&#8217;s
comments and respectfully refer the Staff to our disclosure on page 64 of the registration statement to the effect that the exercise
price of our discretionary stock options grants in October 2016 is the closing market price on the day prior to the grant date
plus a 15% premium. We have revised our disclosure under the &#8220;Executive Compensation&#8221; section to include information
regarding the guidelines established by the Company&#8217;s Board of Directors for stock ownership of our named executive officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><U>Security Ownership of Certain Beneficial
Owners and Management, page 76</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify"><I>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><I>Please revise
your table to indicate the effect of the issuance of the shares offered as part of this registration statement on those persons
named in the table and disclose any present commitments to such persons with respect to the issuance of the shares. Refer to Item
201(b)(2) of Regulation S-K. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><U>Response</U>: We have revised the
&#8220;Security Ownership of Certain Beneficial Owners and Management&#8221; table to include the effect of the issuance of shares
offered as part of the registration statement on the persons named in the table. We do have not any present commitments to any
such persons with respect to the issuance of the shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">Should there be any questions that might
be facilitated by contemporaneous dialogue, please feel free to contact our counsel, Jeffrey Decker of Baker &amp; Hostetler LLP,
at (407) 649-4017 or me at (407) 382-4003, extension 377.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">Sincerely,</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 100%; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ J. James Gaynor&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">J. James Gaynor</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
