Keith Goldstein - 28 Feb 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
President and COO
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Keith Goldstein
Issuer symbol
VRME
Transactions as of
28 Feb 2022
Net transactions value
+$13,450
Form type
4
Filing time
02 Mar 2022, 15:33:32 UTC
Previous filing
18 Feb 2022
Next filing
01 Sep 2022
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 per share Award $13,450 +5,000 +33% $2.69 20,000 28 Feb 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
holding VRME Restricted Stock Units 51,407 28 Feb 2022 Common Stock, par value $0.001 per share 51,407 $0.000000 Direct F2, F3
holding VRME Stock Option (Right to Buy) 20,000 28 Feb 2022 Common Stock, par value $0.001 per share 20,000 $9.75 By POC Advisory Group, LLC F4
holding VRME Stock Option (Right to Buy 20,000 28 Feb 2022 Common Stock, par value $0.001 per share 20,000 $10.51 By POC Advisory Group, LLC F4
holding VRME Stock Option (Right to Buy) 40,000 28 Feb 2022 Common Stock, par value $0.001 per share 40,000 $2.00 By POC Advisory Group, LLC F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired under the VerifyMe, Inc. 2021 Stock Purchase Plan in a transaction exempt under Rule 16b-3(d).
F2 These restricted stock units, which convert into common stock on a one-for-one basis, vest on 2/16/2024 in two equal tranches, except as otherwise provided in the award notice. 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.
F3 (Continued from footnote 2) 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.
F4 This option is fully exercisable as of the date of this report.