MARSHALL GELLER - 31 Aug 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Marshall S. Geller
Issuer symbol
VRME
Transactions as of
31 Aug 2022
Transactions value $
$9,600
Form type
4
Filing time
02 Sep 2022, 16:16:40 UTC
Previous filing
24 Aug 2022
Next filing
29 Sep 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRME Common Stock, par value $0.001 Award $9,600 +8,000 +3.6% $1.2 233,171 31 Aug 2022 By Marshall & Patricia Geller Living Trust F2
holding VRME Common Stock, par value $0.001 81,002 31 Aug 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 Warrant (Right to Buy) 31,104 31 Aug 2022 Common Stock, par value $0.001 31,104 $3.22 By Marshall & Patricia Geller Living Trust
holding VRME Restricted Stock Units 30,000 31 Aug 2022 Common Stock, par value $0.001 30,000 $0 Direct F3, F4
holding VRME Restricted Stock Units 39,308 31 Aug 2022 Common Stock, par value $0.001 39,308 $0 Direct F5
holding VRME Stock Option (Right to Buy) 3,000 31 Aug 2022 Common Stock, par value $0.001 3,000 $5.3 By Marshall & Patricia Geller Living Trust F6
holding VRME Stock Option (Right to Buy) 10,000 31 Aug 2022 Common Stock, par value $0.001 10,000 $3.5 By Marshall & Patricia Geller Living Trust F6
holding VRME Stock Option (Right to Buy) 10,000 31 Aug 2022 Common Stock, par value $0.001 10,000 $3.5 By Marshall & Patricia Geller Living Trust F6
holding VRME Warrant (Right to Buy) 7,000 31 Aug 2022 Common Stock, par value $0.001 7,000 $4.6 Direct
holding VRME Warrant (Right to Buy) 31,941 31 Aug 2022 Common Stock, par value $0.001 31,941 $4.6 By Marshall & Patricia Geller Living Trust
holding VRME Warrant (Right to Buy) 14,300 31 Aug 2022 Common Stock, par value $0.001 14,300 $7.5 By Marshall & Patricia Geller Living Trust F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 29,002 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 shares were acquired under the VerifyMe, Inc. 2021 Stock Purchase Plan in a transaction exempt under Rule 16b-3(d).
F3 These restricted stock units, which convert into common stock on a one-for-one basis, vest on 4/7/2024 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.
F4 (Continued from footnote 3) 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.
F5 These restricted stock units, which convert into common stock on a one-for-one basis, vest on 1/1/2023, except as otherwise provided in the award notice, 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.
F6 This option is fully exercisable as of the date of this report.
F7 This warrant is fully exercisable as of the date of this report.