4//SEC Filing
Beck Philip D 4
Accession 0001615774-17-006520
CIK 0001534154other
Filed
Nov 12, 7:00 PM ET
Accepted
Nov 13, 4:02 PM ET
Size
9.2 KB
Accession
0001615774-17-006520
Insider Transaction Report
Form 4
Ipsidy Inc.IDGS
Beck Philip D
DirectorCEO/President/Chairman
Transactions
- Other
Common Stock, $.0001 par value
2017-09-29$0.00/sh+15,000,000$1,500→ 16,000,000 total
Holdings
- 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) - 20,000,000(indirect: See footnote)
Stock Options
Exercise: $0.05From: 2016-08-10Exp: 2026-08-10→ Common Stock, $0.0001 par value per share (20,000,000 underlying)
Footnotes (3)
- [F1]September 29, 2017, the Company and Mr. Beck entered into a Restricted Stock Agreement pursuant to which Mr. Beck purchased 15 million shares of common stock at a per share price of $0.0001 pursuant to the terms of Mr. Beck's offer letter. The shares vest upon the terms set forth in Mr. Beck's Restricted Stock Agreement.
- [F2]The Stock Options vest with respect to (i) one-third of the shares of common stock upon January 31, 2017 and (ii) in 24 equal monthly tranches commencing on the January 31, 2017.
- [F3]On August 10, 2016, Ipsidy Inc. (the "Company") entered into an amended agreement (the "Amendment") with Parity Labs, LLC ("Parity"), a private consulting firm which is principally owned by Mr. Beck, to amend the compensation section of the Advisory Agreement previously entered into between the Company and Parity on November 16, 2015 for the provision of strategic advisory services. Pursuant to the Amendment, the Company issued Parity an option (the "Parity Option") to acquire 20 million shares of common stock of the Company, exercisable at $0.05 per share for a period of ten years. The Parity Option vested as to 10 million shares of common stock immediately and then initially in 12 equal tranches of 833,333 shares per month commencing on September 1, 2016, which such vesting was accelerated with respect to all remaining shares of common stock that were unvested under the Parity Option as a result of Mr. Beck's appointment as a director of the Company.
Documents
Issuer
Ipsidy Inc.
CIK 0001534154
Entity typeother
Related Parties
1- filerCIK 0001562101
Filing Metadata
- Form type
- 4
- Filed
- Nov 12, 7:00 PM ET
- Accepted
- Nov 13, 4:02 PM ET
- Size
- 9.2 KB