ARTHUR LAFFER - 07 Jun 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
07 Jun 2023
Transactions value $
$0
Form type
4
Filing time
08 Jun 2023, 16:42:04 UTC
Previous filing
13 Apr 2023
Next filing
11 Sep 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 $0 +86.8K +53.35% $0.00 250K 07 Jun 2023 Direct F1, F2, F3
holding VRME Common Stock, par value $0.001 44.2K 07 Jun 2023 By Jama Land, LLC F4

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 7K 07 Jun 2023 Common Stock, par value $0.001 7K $0.00 Direct F5
holding VRME Stock Option (Right to Buy) 3K 07 Jun 2023 Common Stock, par value $0.001 3K $4.03 Direct F6
holding VRME Stock Option (Right to Buy) 10K 07 Jun 2023 Common Stock, par value $0.001 10K $3.51 Direct F6
holding VRME Stock Option (Right to Buy) 10K 07 Jun 2023 Common Stock, par value $0.001 10K $3.51 Direct F6
holding VRME Warrant (Right to Buy) 31.1K 07 Jun 2023 Common Stock, par value $0.001 31.1K $3.22 By Jama Land, LLC F4
holding VRME Warrant (Right to Buy) 10.8K 07 Jun 2023 Common Stock, par value $0.001 10.8K $4.60 Direct
holding VRME Warrant (Right to Buy) 25.6K 07 Jun 2023 Common Stock, par value $0.001 25.6K $4.60 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This restricted stock award was 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, vests on 6/7/2024, subject to the Reporting Person's continuous service as a member of the board of directors.
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 Includes 86,806 shares of restricted stock.
F4 Mr. Laffer is a Managing Member of Jama Land, LLC.
F5 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.
F6 This option is fully exercisable as of the date of this report.