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Filing Details

Accession Number:: 0001209191-10-029705
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-05-21 13:00:00
Reporting Period:: 2010-05-20

Filing Date:: 2010-05-21
Accepted Time:: 2010-05-21 16:51:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1308027	Vystar Corp	VYST	Fabricated Rubber Products, Nec (3060)	202027731

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1473625	Joseph Allegra	Vystar Corporation, 3235 Satellite Blvd. Building 400, Suite 290 Duluth GA 30096		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-05-20	40,000	$1.25	280,000	No	4	P	Indirect	By Diamond II Investments, LLC
Common Stock	Acquisiton	2010-05-20	40,000	$1.00	320,000	No	4	X	Indirect	By Diamond II Investments, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Diamond II Investments, LLC
No	4	X	Indirect	By Diamond II Investments, LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Common Stock Warrants (Right to Buy)	Acquisiton	2010-05-20	20,000	$0.00	20,000	$1.00
Common Stock	Common Stock Warrants (Right to Buy)	Acquisiton	2010-05-20	20,000	$0.00	20,000	$1.00
Common Stock	Common Stock Warrants (Right to Buy)	Disposition	2010-05-20	12,500	$0.00	12,500	$1.00
Common Stock	Common Stock Warrants (Right to Buy)	Disposition	2010-05-20	12,500	$0.00	12,500	$1.00
Common Stock	Common Stock Warrants (Right to Buy)	Disposition	2010-05-20	7,500	$0.00	7,500	$1.00
Common Stock	Common Stock Warrants (Right to Buy)	Disposition	2010-05-20	7,500	$0.00	7,500	$1.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
20,000	2010-05-20	2011-05-19	No	4	P	Indirect
20,000	2010-05-20	2012-05-19	No	4	P	Indirect
0	2009-12-22	2010-12-21	No	4	X	Indirect
0	2009-12-22	2011-12-21	No	4	X	Indirect
7,500	2010-04-30	2010-12-21	No	4	X	Indirect
7,500	2010-04-30	2011-12-21	No	4	X	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	115,000	Direct

Footnotes

Held by Diamond II Investments, LLC of which the Reporting Person is a member and manager thereof.
The exercise price of these warrants is $1.00 per share if exercised by December 31, 2010. Thereafter, the exercise price is $1.50 for the remainder of the term of the warrants.
The reporting person received these warrants in connection with the purchase of an aggregate of 40,000 shares of common stock at the purchase price of $1.25 per share.
The reporting person also holds directly (i) warrants as reported on Form 3 to purchase (a) an aggregate of 20,000 shares of the issuer's common stock at $1.00 per share, and (b) an aggregate of 60,000 shares of the issuer's common stock at $1.63 per share, at various exercisable and expiration dates, and (ii) options as reported on Form 3 to purchase an aggregate of 400,000 shares of the issuer's common stock at $1.63 per share. The reporting person also holds indirectly through Diamond II Investments, LLC warrants as reported on Forms 4 to purchase (i) an aggregate of 20,000 shares of the issuer's common stock at $1.50 per share, and (ii) an aggregate of 20,000 shares of the issuer's common stock at $3.25 per share, at various exercisable and expiration dates.
The exercise price of these warrants is $1.00 per share if exercised by December 31, 2010. Thereafter, the exercise price is $3.25 for the remainder of the term of the warrants.
Pursuant to the revision of the terms of the issuer's private placement, the exercise price of these warrants was reduced to $1.00 per share for the period from April 30, 2010 to June 28, 2010. Thereafter, the exercise price reverts to $1.50 for the remainder of the term of the warrants.
Pursuant to the revision of the terms of the issuer's private placement, the exercise price of these warrants was reduced to $1.00 per share for the period from April 30, 2010 to June 28, 2010. Thereafter, the exercise price reverts to $3.25 for the remainder of the term of the warrants.
The remaining 7,500 warrants expire on January 10, 2011.
The remaining 7,500 warrants expire on January 10, 2012.