Kumnick Phillip L 4
4 · Ipsidy Inc. · Filed Mar 10, 2020
Insider Transaction Report
Form 4
Ipsidy Inc.IDTY
Kumnick Phillip L
Director
Transactions
- Award
Common Stock, $.0001 par value
2020-03-06$0.00/sh+1,500,000$150→ 1,500,000 total
Holdings
- 3,000,000
Stock Options
Exercise: $0.06From: 2019-12-10Exp: 2029-12-10→ Common Stock, $0.0001 par value per share (3,000,000 underlying)
Footnotes (2)
- [F1]On March 6, 2020, the Company entered into a Restricted Stock Purchase Agreement with Mr. Kumnick providing Mr. Kumnick with the right to acquire 1,500,000 shares of common stock at par value subject to the certain vesting criteria.
- [F2]On March 6, 2020, the option granted to Mr. Kumnick on December 10, 2019 to purchase 3,000,000 shares of common stock vesting over a three-year period was amended to provide that it will vest in full if prior to the occurrence of time-based vesting there occurs a Change of Control.