Broenniman Philip R 4
4 · Ipsidy Inc. · Filed May 27, 2020
Insider Transaction Report
Form 4
Ipsidy Inc.IDTY
Broenniman Philip R
DirectorPresident/COO
Transactions
- Award
Stock Options
2020-05-22$0.07/sh+16,666,666$1,166,667→ 16,666,666 totalExercise: $0.07From: 2020-05-22Exp: 2025-05-22→ Common Stock, $0.0001 par value per share (16,666,666 underlying)
Holdings
- 5,182,412
Common Stock, $.0001 par value
- 350,000
Warrants
Exercise: $0.17From: 2018-08-15Exp: 2023-08-15→ Common Stock, $0.0001 par value per share (350,000 underlying) - 4,723,017(indirect: See footnote)
Common Stock, $.0001 par value
- 262,500
Warrants
Exercise: $0.09From: 2019-06-24Exp: 2024-06-23→ Common Stock, $0.0001 par value per share (262,500 underlying)
Footnotes (3)
- [F1]Includes the right to acquire 1,500,000 shares of common stock at par value subject to the certain vesting criteria granted to Mr. Broenniman on March 6, 2020 pursuant to a Restricted Stock Purchase Agreement.
- [F2]Mr. Broenniman is the Managing Partner of Varana Capital, LLC ("Varana Capital"), which, in turn, is the investment manager of and has dispositive control over the shares held by Varana Capital Focused, LP. By virtue of these relationships, in addition to the shares he holds personally, Mr. Broenniman may be deemed to beneficially own the shares held by Varana Capital Focused, LP.
- [F3]On May 22, 2020, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 16,666,666 shares of common stock at an exercise price of $0.07 per share with 3,333,333 shares vesting upon the grant of Non-Statutory Option, 5,333,333 shares vesting upon achieving certain performance conditions and 8,000,000 shares vesting upon achieving certain additional performance conditions.