white patrick joseph 4

4 · VerifyMe, Inc. · Filed Apr 20, 2020

Form 4

Period: 2019-08-14

DirectorCEO

Transactions

Award
Stock Option (Right to Buy)
2020-04-16+7,000,000→ 7,000,000 total
Exercise: $0.07Exp: 2025-08-15→ Common Stock, par value $0.001 (7,000,000 underlying)
Award
Stock Option (Right to Buy)
2019-08-14+500,000→ 500,000 total
Exercise: $0.14Exp: 2024-08-14→ Common Stock, par value $0.001 (500,000 underlying)
Award
Common Stock, par value $0.001
2020-04-16+1,875,000→ 2,025,000 total
Disposition to Issuer
Stock Option (Right to Buy)
2020-04-16−7,000,000→ 0 total
Exercise: $0.07Exp: 2022-08-15→ Common Stock, par value $0.001 (7,000,000 underlying)

Footnotes (2)

[F1]This option, granted in a transaction exempt under Rule 16b-3, has fully vested as of the date of this report.
[F2]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on August 15, 2017 and 5,000,000 options immediately vested and the balance vested in equal annual installments over a two-year period, subject to continued employment with the Company. The "new" option, granted in a transaction exempt under Rule 16b-3, is fully vested as of the date of this report.

Documents

1 file