Home/Filings/4/0001062993-23-017359
4//SEC Filing

GELLER MARSHALL S 4

Accession 0001062993-23-017359

CIK 0001104038other

Filed

Aug 30, 8:00 PM ET

Accepted

Aug 31, 4:30 PM ET

Size

23.7 KB

Accession

0001062993-23-017359

Insider Transaction Report

Form 4
Period: 2023-08-29
Transactions
  • Gift

    Restricted Stock Units

    2023-08-2930,0000 total
    Exercise: $0.00Common Stock, par value $0.001 (30,000 underlying)
  • Gift

    Restricted Stock Units

    2023-08-29+30,00030,000 total(indirect: By Trust)
    Exercise: $0.00Common Stock, par value $0.001 (30,000 underlying)
  • Gift

    Warrant (Right to Buy)

    2023-08-297,0000 total
    Exercise: $4.60From: 2020-06-22Exp: 2025-06-22Common Stock, par value $0.001 (7,000 underlying)
  • Gift

    Warrant (Right to Buy)

    2023-08-29+7,0007,000 total(indirect: By Trust)
    Exercise: $4.60From: 2020-06-22Exp: 2025-06-22Common Stock, par value $0.001 (7,000 underlying)
Holdings
  • Stock Option (Right to Buy)

    (indirect: By Trust)
    Exercise: $3.50Exp: 2025-01-07Common Stock, par value $0.001 (10,000 underlying)
    10,000
  • Stock Option (Right to Buy)

    (indirect: By Trust)
    Exercise: $3.50Exp: 2025-01-07Common Stock, par value $0.001 (10,000 underlying)
    10,000
  • Warrant (Right to Buy)

    (indirect: By Trust)
    Exercise: $3.21From: 2022-10-14Exp: 2027-10-14Common Stock, par value $0.001 (31,104 underlying)
    31,104
  • Warrant (Right to Buy)

    (indirect: By Trust)
    Exercise: $4.60From: 2020-06-22Exp: 2025-06-22Common Stock, par value $0.001 (31,941 underlying)
    31,941
  • Common Stock, par value $0.001

    52,000
  • Common Stock, par value $0.001

    (indirect: By Trust)
    423,110
  • 8% Convertible Promissory Note due 2026

    (indirect: By Trust)
    Exercise: $1.15From: 2023-08-25Exp: 2026-08-25Common Stock, par value $0.001 (152,174 underlying)
  • Stock Option (Right to Buy)

    (indirect: By Trust)
    Exercise: $5.29Exp: 2025-05-27Common Stock, par value $0.001 (3,000 underlying)
    3,000
Footnotes (6)
  • [F1]Includes (i) 86,806 shares of restricted stock that vests on 6/7/2024 and (ii) 68,310 vested restricted stock units that become payable, on a one-for-one basis, in shares of common stock of VerifyMe, Inc. upon separation of the Reporting Person's service as a director.
  • [F2]These restricted stock units, which convert into common stock on a one-for-one basis, vest on 4/7/2024 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.
  • [F4]On August 29, 2023, the Reporting Person transferred 30,000 restricted stock units to a family trust of which the Reporting Person is trustee.
  • [F5]On August 29, 2023, the Reporting Person transferred 7,000 warrants to purchase common stock to a family trust of which the Reporting Person is trustee.
  • [F6]This option is fully exercisable as of the date of this report.

Issuer

VerifyMe, Inc.

CIK 0001104038

Entity typeother

Related Parties

1
  • filerCIK 0000925236

Filing Metadata

Form type
4
Filed
Aug 30, 8:00 PM ET
Accepted
Aug 31, 4:30 PM ET
Size
23.7 KB