ARTHUR LAFFER - 28 Feb 2023 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Arthur B. Laffer
Issuer symbol
VRME
Transactions as of
28 Feb 2023
Transactions value $
$9,520
Form type
4
Filing time
02 Mar 2023, 15:35:57 UTC
Previous filing
23 Feb 2023
Next filing
29 Mar 2023
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 Award $9,520 +8,000 +5.17% $1.19 162,710 28 Feb 2023 Direct F1, F2
holding VRME Common Stock, par value $0.001 44,225 28 Feb 2023 By Jama Land, LLC F3

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 7,000 28 Feb 2023 Common Stock, par value $0.001 7,000 $0 Direct F4
holding VRME Stock Option (Right to Buy) 3,000 28 Feb 2023 Common Stock, par value $0.001 3,000 $4.02 Direct F5
holding VRME Stock Option (Right to Buy) 10,000 28 Feb 2023 Common Stock, par value $0.001 10,000 $3.5 Direct F5
holding VRME Stock Option (Right to Buy) 10,000 28 Feb 2023 Common Stock, par value $0.001 10,000 $3.5 Direct F5
holding VRME Warrant (Right to Buy) 31,104 28 Feb 2023 Common Stock, par value $0.001 31,104 $3.22 By Jama Land, LLC F3
holding VRME Warrant (Right to Buy) 10,800 28 Feb 2023 Common Stock, par value $0.001 10,800 $4.6 Direct
holding VRME Warrant (Right to Buy) 25,600 28 Feb 2023 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 shares were acquired under the VerifyMe, Inc. 2021 Stock Purchase Plan in a transaction exempt under Rule 16b-3(d).
F2 Includes 82,310 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.
F3 Mr. Laffer is a Managing Member of Jama Land, LLC.
F4 These restricted stock units, which convert into common stock on a one-for-one basis, vested one-third on each of 9/17/2021 and 9/17/2022 and, except as otherwise provided in the award notice, vest one-third on 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.
F5 This option is fully exercisable as of the date of this report.