Kumnick Phillip L 4
4 · Ipsidy Inc. · Filed May 27, 2020
Insider Transaction Report
Form 4
Ipsidy Inc.IDTY
Kumnick Phillip L
Director
Transactions
- Award
Stock Options
2020-05-22$0.07/sh+33,333,334$2,333,333→ 33,333,334 totalExercise: $0.07From: 2020-05-22Exp: 2025-05-22→ Common Stock, $0.0001 par value per share (33,333,334 underlying)
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) - 1,500,000
Common Stock, $.0001 par value
Footnotes (3)
- [F1]Represents the right to acquire 1,500,000 shares of common stock at par value subject to the certain vesting criteria which shares were granted on March 6, 2020 pursuant to a Restricted Stock Purchase Agreement.
- [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 prior to the occurrence of time-based vesting, in the event of a Change of Control.
- [F3]On May 22, 2020, the Company granted Mr. Kumnick a Non-Statutory Option to acquire 33,333,334 shares of common stock at an exercise price of $0.07 per share with 6,666,667 shares vesting upon the grant of Non-Statutory Option, 10,666,667 shares vesting upon achieving certain performance conditions and 16,000,000 shares vesting upon achieving certain additional performance conditions.