Gezerlis Margaret 4

4 · VerifyMe, Inc. · Filed Feb 18, 2022

Form 4

Period: 2022-02-16

Chief Financial Officer

Transactions

Award
Restricted Stock Units
2022-02-16+28,125→ 28,125 total
Exercise: $0.00→ Common Stock, par value $0.001 per share (28,125 underlying)

Holdings

Stock Option (Right to Buy)
Exercise: $16.05Exp: 2023-11-15→ Common Stock, par value $0.001 per share (2,000 underlying)
2,000
Common Stock, par value $0.001 per share
9,250
Stock Option (Right to Buy)
Exercise: $3.50Exp: 2025-01-07→ Common Stock, par value $0.001 per share (4,000 underlying)
4,000

Footnotes (3)

[F1]These restricted stock units, which convert into common stock on a one-for-one basis, were 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, vest on 2/16/2024 in two equal tranches. Tranch 1 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $5.00 for 20 consecutive trading days, Tranch 1 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days.
[F2](Continued from footnote 1) Tranch 2 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $7.00 for 20 consecutive trading days, Tranch 2 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days.
[F3]This option is fully exercisable as of the date of this report.

Documents

1 file