4//SEC Filing
Beck Philip D 4
Accession 0001213900-20-015098
CIK 0001534154other
Filed
Jun 15, 8:00 PM ET
Accepted
Jun 16, 4:00 PM ET
Size
12.3 KB
Accession
0001213900-20-015098
Insider Transaction Report
Form 4
Ipsidy Inc.IDTY
Beck Philip D
DirectorCEO/President/Chairman
Transactions
- Other
Stock Options
2020-06-11$0.05/sh−3,000,000$150,000→ 17,000,000 total(indirect: See footnote)Exercise: $0.05From: 2016-08-10Exp: 2026-08-10→ Common Stock, $0.0001 par value per share (3,000,000 underlying)
Holdings
- 375,000
15% Convertible Note
Exercise: $0.20From: 2020-02-14Exp: 2022-02-28→ Common Stock, $0.0001 par value per share (375,000 underlying) - 15,000,000
Stock Options
Exercise: $0.10From: 2017-01-31Exp: 2027-01-31→ Common Stock, $0.0001 par value per share (15,000,000 underlying) - 16,000,000
Common Stock, $.0001 par value
- 1,125,000(indirect: See Footnote)
Common Stock, $.0001 par value
- 312,500
8% Convertible Note
Exercise: $0.08From: 2019-12-13Exp: 2022-02-28→ Common Stock, $0.0001 par value per share (312,500 underlying)
Footnotes (4)
- [F1]Shares held by an individual retirement account.
- [F2]Includes 15,000,000 shares of common stock acquired by Mr. Beck in accordance with a restricted stock purchase agreement dated September 29, 2017. Pursuant to the letter agreement entered between Ipsidy Inc. (the "Company") and Mr. Beck dated May 22, 2020 the vesting criteria for the restricted shares of common stock was amended as follows: (1) satisfaction of the Performance Goals set forth under the Restricted Stock Agreement, (2) on the date that the Company either fails to re-nominate or re-elect Mr. Beck as a Director, or as Chairman of the Company's Board of Directors, or (3) on the two year anniversary if Mr. beck is continuing to provide services to the Company in any capacity.
- [F3]On June 11, 2020, Parity Labs LLC, a private consulting firm which is principally owned by Mr. Beck, assigned a portion of its stock option to Graham Beck. Following the transaction, Parity Labs LLC continues to hold a stock option to acquire 17,000,000 shares of common stock at $0.05 per share.
- [F4]In connection with the Company's private offering, Mr. Beck acquired a 15% Convertible Note. The 15% Convertible Note is convertible into an amount equal to 150% of the principal amount due under the 15% Convertible Note divided by the conversion price of $0.20 per share.
Documents
Issuer
Ipsidy Inc.
CIK 0001534154
Entity typeother
Related Parties
1- filerCIK 0001562101
Filing Metadata
- Form type
- 4
- Filed
- Jun 15, 8:00 PM ET
- Accepted
- Jun 16, 4:00 PM ET
- Size
- 12.3 KB