ARTHUR LAFFER - 17 Sep 2023 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Nancy Meyers, Attorney-in-Fact for Arthur B. Laffer
Issuer symbol
VRME
Transactions as of
17 Sep 2023
Transactions value $
$0
Form type
4
Filing time
19 Sep 2023, 17:31:06 UTC
Previous filing
11 Sep 2023
Next filing
04 Mar 2024
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 Options Exercise $0 +7,000 +2.7% $0 264,516 17 Sep 2023 Direct F1, F2
holding VRME Common Stock, par value $0.001 44,225 17 Sep 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
transaction VRME Restricted Stock Units Options Exercise $0 -7,000 -100% $0* 0 17 Sep 2023 Common Stock, par value $0.001 7,000 $0 Direct F1
holding VRME Stock Option (Right to Buy) 3,000 17 Sep 2023 Common Stock, par value $0.001 3,000 $4.02 Direct F4
holding VRME Stock Option (Right to Buy) 10,000 17 Sep 2023 Common Stock, par value $0.001 10,000 $3.5 Direct F4
holding VRME Stock Option (Right to Buy) 10,000 17 Sep 2023 Common Stock, par value $0.001 10,000 $3.5 Direct F4
holding VRME Warrant (Right to Buy) 31,104 17 Sep 2023 Common Stock, par value $0.001 31,104 $3.22 By Jama Land, LLC F3
holding VRME Warrant (Right to Buy) 10,800 17 Sep 2023 Common Stock, par value $0.001 10,800 $4.6 Direct
holding VRME Warrant (Right to Buy) 25,600 17 Sep 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 restricted stock units, which convert into common stock on a one-for-one basis, vested on 9/17/2023, and become payable upon separation of the Reporting Person's service as a director.
F2 Includes (i) 86,806 shares of restricted stock that vest on 6/7/2024 and (ii) 89,310 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 This option is fully exercisable as of the date of this report.