VerifyMe, Inc.|4Feb 18, 4:17 PM ET

Fliderman Sandy 4

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

Form 4

Period: 2022-02-16

Chief Technology Officer

Transactions

Award
Restricted Stock Units
2022-02-16+9,375→ 9,375 total
Exercise: $0.00→ Common Stock, par value $0.001 per share (9,375 underlying)

Holdings

Common Stock, par value $0.001 per share
9,500
Common Stock, par value $0.001 per share
(indirect: By LLC)
33,614
Warrant (Right to Buy)
(indirect: By LLC)
Exercise: $4.60From: 2020-06-22Exp: 2025-06-22→ Common Stock, par value $0.001 per share (25,614 underlying)
25,614

Footnotes (2)

[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.

Documents

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