4//SEC Filing
GREENBERG SCOTT N 4
Accession 0001062993-23-021119
CIK 0001104038other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 4:33 PM ET
Size
14.4 KB
Accession
0001062993-23-021119
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
GREENBERG SCOTT N
DirectorExecutive Chairman
Transactions
- Purchase
Common Stock, par value $0.001
2023-11-15$1.06/sh+2,000$2,120→ 214,572 total
Holdings
- 15,552
Warrant (Right to Buy)
Exercise: $3.21From: 2022-10-14Exp: 2027-10-14→ Common Stock, par value $0.001 (15,552 underlying) - 6,403
Warrant (Right to Buy)
Exercise: $4.60From: 2020-06-22Exp: 2025-06-22→ Common Stock, par value $0.001 (6,403 underlying) 8% Convertible Promissory Note due 2026
Exercise: $1.15From: 2023-08-25Exp: 2026-08-25→ Common Stock, par value $0.001 (43,478 underlying)- 10,000
Stock Option (Right to Buy)
Exercise: $3.50Exp: 2025-01-07→ Common Stock, par value $0.001 (10,000 underlying) - 56,819
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 (56,819 underlying) - 30,000
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 (30,000 underlying)
Footnotes (5)
- [F1]Includes (i) 86,806 shares of restricted stock that vest on 6/7/2024 and (ii) 68,310 vested restricted stock units that become payable, on a one-for-one basis, in shares of common stock of VerifyMe, Inc. upon separation of the Reporting Person's service as a director.
- [F2]These restricted stock units convert into common stock on a one-for-one basis.
- [F3]These restricted stock units vest in two equal tranches, except as otherwise provided in the award notice. Tranche 1 will vest on 3/15/2025 if the issuer's common stock during such period was at or above $2.75 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $2.75 for 20 consecutive trading days, Tranche 1 will vest on 3/15/2026 if the issuer's common stock during such period was at or above $2.75 for 20 consecutive trading days. Tranche 2 will vest on 3/15/2025 if the issuer's common stock during such period was at or above $3.75 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $3.75 for 20 consecutive trading days, Tranche 2 will vest on 3/15/2026 if the issuer's common stock during such period was at or above $3.75 for 20 consecutive trading days.
- [F4]These restricted stock units vest in two equal tranches, except as otherwise provided in the award notice. Tranche 1 will vest on 4/7/2024 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, Tranche 1 will vest on 4/7/2025 if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days. Tranche 2 will vest on 4/7/2024 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, Tranche 2 will vest on 4/7/2025 if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days.
- [F5]This option is fully exercisable as of the date of this report.
Issuer
VerifyMe, Inc.
CIK 0001104038
Entity typeother
Related Parties
1- filerCIK 0001018206
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 4:33 PM ET
- Size
- 14.4 KB