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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5
                      
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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Allegra Joseph 		2. Issuer Name and Ticker or Trading Symbol

Vystar Corp [ VYST ] 		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)

VYSTAR CORPORATION, 3235 SATELLITE BLVD., BUILDING 400, SUITE 290 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/20/2010
(Street)

DULUTH, GA 30096
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock   5/20/2010     P    40000   A $1.25   280000   I   By Diamond II Investments, LLC   (1)
Common Stock   5/20/2010     X    40000   A $1.00   320000   I   By Diamond II Investments, LLC   (1)
Common Stock                  115000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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 Warrants (Right to Buy)   $1.00   (2) 5/20/2010     P      20000       5/20/2010   5/19/2011   Common Stock   20000   $0.00   (3) 20000   (4) I   By Diamond II Investments, LLC   (1)
Common Stock Warrants (Right to Buy)   $1.00   (5) 5/20/2010     P      20000       5/20/2010   5/19/2012   Common Stock   20000   $0.00   (3) 20000   (4) I   By Diamond II Investments, LLC   (1)
Common Stock Warrants (Right to Buy)   $1.00   (6) 5/20/2010     X         12500    12/22/2009   12/21/2010   Common Stock   12500   $0.00   0   (4) I   By Diamond II Investments, LLC   (1)
Common Stock Warrants (Right to Buy)   $1.00   (7) 5/20/2010     X         12500    12/22/2009   12/21/2011   Common Stock   12500   $0.00   0   (4) I   By Diamond II Investments, LLC   (1)
Common Stock Warrants (Right to Buy)   $1.00   (6) 5/20/2010     X         7500    4/30/2010   12/21/2010   (8) Common Stock   7500   $0.00   7500   (4) I   By Diamond II Investments, LLC   (1)
Common Stock Warrants (Right to Buy)   $1.00   (7) 5/20/2010     X         7500    4/30/2010   12/21/2011   (9) Common Stock   7500   $0.00   7500   (4) I   By Diamond II Investments, LLC   (1)

Explanation of Responses:
( 1)  Held by Diamond II Investments, LLC of which the Reporting Person is a member and manager thereof.
( 2)  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.
( 3)  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.
( 4)  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.
( 5)  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.
( 6)  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.
( 7)  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.
( 8)  The remaining 7,500 warrants expire on January 10, 2011.
( 9)  The remaining 7,500 warrants expire on January 10, 2012.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Allegra Joseph
VYSTAR CORPORATION, 3235 SATELLITE BLVD.
BUILDING 400, SUITE 290
DULUTH, GA 30096 		X



Signatures
Joseph Allegra 5/20/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Vystar (CE) (USOTC:VYST)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Vystar (CE) Charts.
Vystar (CE) (USOTC:VYST)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Vystar (CE) Charts.