4//SEC Filing
white patrick joseph 4
Accession 0001062993-22-004944
CIK 0001104038other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 4:16 PM ET
Size
9.7 KB
Accession
0001062993-22-004944
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
White Patrick Joseph
DirectorCEO
Transactions
- Award
Restricted Stock Units
2022-02-16+61,250→ 61,250 totalExercise: $0.00→ Common Stock, par value $0.001 (61,250 underlying)
Holdings
- 68,937
Common Stock, par value $0.001
- 10,000
Stock Option (Right to Buy)
Exercise: $7.00Exp: 2024-08-14→ Common Stock, par value $0.001 (10,000 underlying) - 140,000
Stock Option (Right to Buy)
Exercise: $3.50Exp: 2025-08-15→ Common Stock, par value $0.001 (140,000 underlying)
Footnotes (3)
- [F1]These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on 2/16/2024 in two equal tranches. Tranch 1 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $5.00 for 20 consecutive trading days, Tranch 1 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days.
- [F2](Continued from footnote 1) Tranch 2 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $7.00 for 20 consecutive trading days, Tranch 2 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days.
- [F3]This option is fully exercisable as of the date of this report.
Issuer
VerifyMe, Inc.
CIK 0001104038
Entity typeother
Related Parties
1- filerCIK 0001712944
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 4:16 PM ET
- Size
- 9.7 KB