4//SEC Filing
Wang Jack 4
Accession 0001062993-22-012381
CIK 0001104038other
Filed
May 12, 8:00 PM ET
Accepted
May 13, 4:31 PM ET
Size
7.8 KB
Accession
0001062993-22-012381
Insider Transaction Report
Form 4
VerifyMe, Inc.VRME
Wang Jack
SVP, Technology and CIO
Transactions
- Other
Common Stock, par value $0.001 per share
2022-05-12+15,274→ 15,274 total
Holdings
- 59,248
Restricted Stock Units
Exercise: $0.00→ Common Stock, par value $0.001 per share (59,248 underlying)
Footnotes (3)
- [F1]On April 22, 2022, the issuer and PeriShip Global LLC, the issuer's wholly-owned subsidiary ("PeriShip Global") entered into an asset purchase agreement (the "Agreement") with PeriShip, LLC (PeriShip) and PeriShip's founder (the "Founder"). Pursuant to the Agreement, PeriShip Global paid stock consideration equaling $1,000,000 (the "Stock Consideration") to PeriShip. As part of the reporting person's transaction bonus, PeriShip and the Founder assigned shares to the reporting person equaling 5% of the Stock Consideration. The transfer of shares was effectuated on 5/12/2022.
- [F2]These restricted stock units, which convert into common stock on a one-for-one basis, vest on 4/22/2024 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.
- [F3](Continued from footnote 2) 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 0001926218
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 4:31 PM ET
- Size
- 7.8 KB