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4//SEC Filing

STERN THEODORE 4

Accession 0001213900-21-025153

CIK 0001534154other
View on SEC.govCompany Profile

Filed

May 6, 8:00 PM ET

Accepted

May 7, 4:42 PM ET

Size

12.3 KB

Accession

0001213900-21-025153

Insider Transaction Report

Form 4
Period: 2021-05-05
Ipsidy Inc.IDTY
STERN THEODORE
Director
Transactions
  • Award

    Stock Options

    2021-05-05+1,645,521→ 1,645,521 total
    Exercise: $0.24From: 2021-05-05Exp: 2031-05-05→ Common Stock, $0.0001 par value per share (1,645,521 underlying)
Holdings

  • Common Stock Purchase Warrant

    Exercise: $0.15From: 2020-06-30Exp: 2022-06-30→ Common Stock, $0.0001 par value per share (250,000 underlying)
    250,000

  • Amended and Restated Promissory Notes

    (indirect: See footnote)
    Exercise: $0.20From: 2020-02-14Exp: 2022-02-28→ Common Stock, $0.0001 par value per share (15,000,000 underlying)
    15,000,000

  • 15% Convertible Note

    Exercise: $0.20From: 2020-02-14Exp: 2022-02-28→ Common Stock, $0.0001 par value per share (375,000 underlying)
    375,000

  • Interest Shares

    (indirect: See Footnote)
    Exercise: $0.20From: 2017-01-31→ Common Stock, $0.0001 par value per share (3,310,000 underlying)
    3,310,000

  • Common Stock, $0.0001 par value per share

    5,885,445
Footnotes (3)
  • [F1]Represents 15,000,000 shares of common stock that may be issued upon the conversion of principal at $0.20 per share under that certain Amended & Restated Secured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Theodore Stern Revocable Trust (the "Trust").
  • [F2]Represents 3,310,000 shares of common stock that may be issued upon the conversion of interest accrued at $0.20 per share under that certain Unsecured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Trust.
  • [F3]On May 5, 2021, the Company granted Mr. Stern a Non-Statutory Option to acquire 1,645,521 shares of common stock at an exercise price of $0.24 per share with 973,880 shares vesting upon grant of Non-Statutory Option and 671,641 shares of common stock underlying the stock options vesting over twelve months.

Documents

1 file

Issuer

Ipsidy Inc.

CIK 0001534154

→
Entity typeother

Related Parties

1
  • filerCIK 0000935991

Filing Metadata

Form type
4
Filed
May 6, 8:00 PM ET
Accepted
May 7, 4:42 PM ET
Size
12.3 KB
View on SEC.gov