white patrick joseph 4

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

Form 4

Period: 2022-02-16

DirectorCEO

Transactions

Award
Restricted Stock Units
2022-02-16+61,250→ 61,250 total
Exercise: $0.00→ Common Stock, par value $0.001 (61,250 underlying)

Holdings

Common Stock, par value $0.001
68,937
Stock Option (Right to Buy)
Exercise: $7.00Exp: 2024-08-14→ Common Stock, par value $0.001 (10,000 underlying)
10,000
Stock Option (Right to Buy)
Exercise: $3.50Exp: 2025-08-15→ Common Stock, par value $0.001 (140,000 underlying)
140,000

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

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