4//SEC Filing
Selzer Herbert M. 4
Accession 0001213900-20-026371
CIK 0001534154other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 10:57 AM ET
Size
14.2 KB
Accession
0001213900-20-026371
Insider Transaction Report
Form 4
Ipsidy Inc.IDTY
Selzer Herbert M.
Director
Transactions
- Other
Common Stock, $.0001 par value
2020-09-09$0.13/sh−769,231$100,000→ 5,594,714 total - Exercise of In-Money
Common Stock Purchase Warrant
2020-09-09$0.10/sh−1,000,000$100,000→ 0 totalExercise: $0.10From: 2015-09-26Exp: 2020-09-26→ Common Stock, $0.0001 par value per share (1,000,000 underlying) - Exercise of In-Money
Common Stock, $.0001 par value
2020-09-09$0.10/sh+1,000,000$100,000→ 6,363,945 total
Holdings
- 2,417,778(indirect: See Footnotes)
Common Stock, $.0001 par value
- 400,000
Stock Options
Exercise: $0.15From: 2015-09-30Exp: 2025-09-30→ Common Stock, $0.0001 par value per share (400,000 underlying) - 440,000(indirect: See Footnotes)
Common Stock Purchase Warrant
Exercise: $0.15From: 2020-06-30Exp: 2022-06-30→ Common Stock, $0.0001 par value per share (440,000 underlying) - 750,000
15% Convertible Note
Exercise: $0.20From: 2020-02-14Exp: 2022-02-28→ Common Stock, $0.0001 par value per share (750,000 underlying)
Footnotes (2)
- [F1]Securities held by Vista PBG Associates LLC ("Vista"). Mr. Selzer serves as the manager of Vista.
- [F2]This Form is being filed to report the exercise of a common stock purchase warrant pursuant to which the Reporting Person received shares of common stock by means of a cashless exercise. A cashless exercise is a method of exercising a common stock purchase warrant in which the holder pays the exercise price to the Company using shares of common stock the Reporting Person would have received pursuant to the common stock purchase warrant exercise. As a result of this cashless exercise, the Reporting Person exercised a common stock purchase warrant to acquire 1,000,000 shares of common stock at an exercise price of $0.10 per share on a cashless basis receiving on a net basis 230,769 shares of common stock which reflects 769,231 shares of common stock withheld by the Company at the market price of $0.13 per share less the exercise price of $0.10 per share.
Documents
Issuer
Ipsidy Inc.
CIK 0001534154
Entity typeother
Related Parties
1- filerCIK 0001654976
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 10:57 AM ET
- Size
- 14.2 KB