ARTHUR LAFFER - 17 Sep 2021 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Margaret Gezerlis, Attorney-in-fact for Arthur Laffer
Issuer symbol
VRME
Transactions as of
17 Sep 2021
Transactions value $
$0
Form type
4
Filing time
21 Sep 2021, 17:17:41 UTC
Previous filing
29 Jun 2021
Next filing
16 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRME Common Stock, par value $0.001 Options Exercise $0 +7,000 +9.7% $0 79,521 17 Sep 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VRME Restricted Stock Units Award $0 +21,000 $0 21,000 17 Sep 2021 Common Stock, par value $0.001 21,000 $0 Direct F1
transaction VRME Restricted Stock Units Options Exercise $0 -7,000 -33% $0 14,000 17 Sep 2021 Common Stock, par value $0.001 7,000 $0 Direct F1
holding VRME Restricted Stock Units 29,002 17 Sep 2021 Common Stock, par value $0.001 29,002 $0 Direct F2
holding VRME Stock Option (Right to Buy) 3,000 17 Sep 2021 Common Stock, par value $0.001 3,000 $4.02 Direct F3
holding VRME Stock Option (Right to Buy) 10,000 17 Sep 2021 Common Stock, par value $0.001 10,000 $3.5 Direct F3
holding VRME Stock Option (Right to Buy) 10,000 17 Sep 2021 Common Stock, par value $0.001 10,000 $3.5 Direct F3
holding VRME Warrant (Right to Buy) 10,800 17 Sep 2021 Common Stock, par value $0.001 10,800 $4.6 Direct
holding VRME Warrant (Right to Buy) 25,600 17 Sep 2021 Common Stock, par value $0.001 25,600 $4.6 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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, vested one-third on 9/17/2021 with respect to 7,000 shares as reflected in the Table I transaction of this report and vest one-third on each of 9/17/2022 and 9/17/2023, subject to continuous service as a member of the board of directors, and become payable upon separation of the Reporting Person's service as a director.
F2 These restricted stock units, which convert into common stock on a one-for-one basis, except as otherwise provided in the award notice, vest on 1/19/2022, subject to continuous service as a member of the board of directors, and become payable upon separation of the Reporting Person's service as a director.
F3 This option has fully vested as of the date of this report.