Gardner Christopher P 4
4 · VerifyMe, Inc. · Filed Jun 24, 2020
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
Gardner Christopher P
Director
Transactions
- Award
Common Stock, par value $0.001 per share
2020-06-22+5,000→ 25,809 total - Award
Warrant (Right to Buy)
2020-06-22+16,009→ 16,009 totalExercise: $4.60From: 2020-06-22Exp: 2025-06-22→ Common Stock, par value $0.001 per share (16,009 underlying) - Exercise/Conversion
Convertible Debenture due 2021
2020-06-22→ 0 totalExercise: $3.22From: 2020-02-26Exp: 2021-08-26→ Common Stock, par value $0.001 per share (32,018 underlying) - Disposition to Issuer
Warrant (Right to Buy)
2020-06-22−12,500→ 0 totalExercise: $7.50From: 2020-02-26Exp: 2023-02-26→ Common Stock, par value $0.001 per share (12,500 underlying) - Award
Common Stock, par value $0.001 per share
2020-06-22$3.22/sh+16,009$51,549→ 20,809 total
Holdings
- 10,000
Stock Option (Right to Buy)
Exercise: $3.50Exp: 2025-01-07→ Common Stock, par value $0.001 per share (10,000 underlying) - 10,000
Stock Option (Right to Buy)
Exercise: $3.50Exp: 2025-01-07→ Common Stock, par value $0.001 per share (10,000 underlying)
Footnotes (4)
- [F1]The convertible debenture due 2021 automatically converted into 16,009 shares of common stock and a warrant to purchase 16,009 shares of common stock in a transaction exempt under Rule 16b-3.
- [F2]Pursuant to transactions exempt under Rule 16b-3, the warrant was cancelled and Mr. Gardner received 0.4 of a share of common stock for each share formerly underlying the cancelled warrant.
- [F3]This option vested 25% on March 31, 2020 and June 30, 2020 and vests 25% on each of September 30, 2020 and December 31, 2020.
- [F4]This option has fully vested as of the date of this report.