4//SEC Filing
white patrick joseph 4
Accession 0001062993-22-009007
CIK 0001104038other
Filed
Mar 29, 8:00 PM ET
Accepted
Mar 30, 4:34 PM ET
Size
9.7 KB
Accession
0001062993-22-009007
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
White Patrick Joseph
DirectorCEO
Transactions
- Disposition to Issuer
Common Stock, par value $0.001
2022-03-29$3.54/sh−8,870$31,400→ 60,067 total
Holdings
- 61,250
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 (61,250 underlying) - 10,000
Stock Option (Right to Buy)
Exercise: $7.00Exp: 2024-08-14→ Common Stock, par value $0.001 (10,000 underlying) - 140,000
Stock Option (Right to Buy)
Exercise: $3.50Exp: 2025-08-15→ Common Stock, par value $0.001 (140,000 underlying)
Footnotes (3)
- [F1]These restricted stock units, which convert into common stock on a one-for-one basis, vest on 2/16/2024 in two equal tranches, except as otherwise provided in the award notice. 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.
Issuer
VerifyMe, Inc.
CIK 0001104038
Entity typeother
Related Parties
1- filerCIK 0001712944
Filing Metadata
- Form type
- 4
- Filed
- Mar 29, 8:00 PM ET
- Accepted
- Mar 30, 4:34 PM ET
- Size
- 9.7 KB