4//SEC Filing
Broenniman Philip R 4
Accession 0001213900-20-016573
CIK 0001534154other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 4:19 PM ET
Size
19.8 KB
Accession
0001213900-20-016573
Insider Transaction Report
Form 4
Ipsidy Inc.IDTY
Broenniman Philip R
DirectorPresident/COO
Transactions
- Exercise of In-Money
Common Stock, $.0001 par value
2020-06-30$0.07/sh+3,716,667$260,167→ 8,439,684 total(indirect: See footnote) - Purchase
Common Stock, $.0001 par value
2020-06-30$0.07/sh+714,285$50,000→ 9,153,969 total(indirect: See footnote) - Purchase
Warrants
2020-06-30$0.07/sh+929,167$65,042→ 929,167 total(indirect: See Footnotes)Exercise: $0.15From: 2020-06-30Exp: 2022-06-30→ Common Stock, $0.0001 par value per share (929,167 underlying) - Exercise of In-Money
Warrants
2020-06-30$0.07/sh+3,716,667$260,167→ 0 total(indirect: See Footnotes)Exercise: $0.07From: 2015-09-30Exp: 2020-09-30→ Common Stock, $0.0001 par value per share (3,716,667 underlying) - Purchase
Warrants
2020-06-30$0.07/sh+3,716,667$260,167→ 3,716,667 total(indirect: See Footnotes)Exercise: $0.07From: 2015-09-30Exp: 2020-09-30→ Common Stock, $0.0001 par value per share (3,716,667 underlying)
Holdings
- 16,666,666
Stock Options
Exercise: $0.07From: 2020-05-22Exp: 2025-05-22→ Common Stock, $0.0001 par value per share (16,666,666 underlying) - 350,000
Warrants
Exercise: $0.17From: 2018-08-15Exp: 2023-08-15→ Common Stock, $0.0001 par value per share (350,000 underlying) - 262,500
Warrants
Exercise: $0.09From: 2019-06-24Exp: 2024-06-23→ Common Stock, $0.0001 par value per share (262,500 underlying) - 5,182,412
Common Stock, $.0001 par value
Footnotes (4)
- [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 ("VCFLP"). 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.
- [F4]On June 30, 2020, VCFLP acquired common stock purchase warrants to acquire 3,716,667 shares of common stock from a warrant holder and VCFLP subsequently exercised the common stock purchase warrant for cash. In consideration of exercising its common stock purchase warrant to acquire 3,716,667 shares of common stock, VCFLP was granted a common stock purchase warrant to acquire 929,167 shares of common stock at an exercise price of $0.15 per share. Also on June 30, 2020, VCFLP entered into a Securities Purchase Agreement and acquired 714,285 shares of common stock for cash.
Documents
Issuer
Ipsidy Inc.
CIK 0001534154
Entity typeother
Related Parties
1- filerCIK 0001781770
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 4:19 PM ET
- Size
- 19.8 KB