Spider-Man co-creator Stan Lee was spotted on the set of Marc Webb's The Amazing Spider-Man 2 shooting his cameo. It takes place at Peter Parker (Andrew Garfield) and Gwen Stacy's (Emma Stone) graduation. I imagine he's reacting to Peter kissing Gwen up on stage, which we also have a picture of.
I loved Lee's cameo in the last Spider-Man movie. I hope there's a little bit more to his cameo than what we're seeing here. We'll just have to wait and see on May 2nd, 2014.
Peter Parker finds, life is busy – between taking out the bad guys as Spider-Man and spending time with the person he loves, Gwen, high school graduation can't come quickly enough. Peter hasn't forgotten about the promise he made to Gwen's father to protect her by staying away – but that's a promise he just can't keep. Things will change for Peter when a new villain, Electro (Jamie Foxx), emerges, an old friend, Harry Osborn, returns, and Peter uncovers new clues about his past.