ARTHUR LAFFER - 01 Jan 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Patrick White, Attorney-in-Fact for Arthur B. Laffer
Issuer symbol
VRME
Transactions as of
01 Jan 2022
Transactions value $
$0
Form type
4
Filing time
04 Jan 2022, 15:34:14 UTC
Previous filing
16 Nov 2021
Next filing
21 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VRME Common Stock, par value $0.001 79,521 01 Jan 2022 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 +39,308 $0 39,308 01 Jan 2022 Common Stock, par value $0.001 39,308 $0 Direct F2
holding VRME Restricted Stock Units 14,000 01 Jan 2022 Common Stock, par value $0.001 14,000 $0 Direct F3
holding VRME Restricted Stock Units 29,002 01 Jan 2022 Common Stock, par value $0.001 29,002 $0 Direct F4
holding VRME Stock Option (Right to Buy) 3,000 01 Jan 2022 Common Stock, par value $0.001 3,000 $4.02 Direct F5
holding VRME Stock Option (Right to Buy) 10,000 01 Jan 2022 Common Stock, par value $0.001 10,000 $3.5 Direct F5
holding VRME Stock Option (Right to Buy) 10,000 01 Jan 2022 Common Stock, par value $0.001 10,000 $3.5 Direct F5
holding VRME Warrant (Right to Buy) 10,800 01 Jan 2022 Common Stock, par value $0.001 10,800 $4.6 Direct
holding VRME Warrant (Right to Buy) 25,600 01 Jan 2022 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 Includes 7,000 vested restricted stock units that become payable in shares of common stock of VerifyMe, Inc. 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, 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 1/1/2023, 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.
F3 These restricted stock units, which convert into common stock on a one-for-one basis, except as otherwise provided in the award notice, vested one-third on 9/17/2021 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.
F4 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.
F5 This option has fully vested as of the date of this report.