4//SEC Filing
Meyers Nancy L. 4
Accession 0001062993-22-005745
CIK 0001104038other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 4:16 PM ET
Size
7.3 KB
Accession
0001062993-22-005745
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
Meyers Nancy L.
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2022-02-16+28,125→ 28,125 totalExercise: $0.00→ Common Stock, par value $0.001 per share (28,125 underlying)
Holdings
- 48(indirect: By Spouse)
Common Stock, par value $0.001 per share
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.
Issuer
VerifyMe, Inc.
CIK 0001104038
Entity typeother
Related Parties
1- filerCIK 0001913629
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 4:16 PM ET
- Size
- 7.3 KB