Beck Philip D 4
4 · Ipsidy Inc. · Filed Nov 29, 2018
Insider Transaction Report
Form 4
Ipsidy Inc.IDTY
Beck Philip D
DirectorCEO/President/Chairman
Transactions
- Purchase
Common Stock, $.0001 par value
2018-11-29$0.11/sh+500,000$55,000→ 16,500,000 total
Holdings
- 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) - 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)
Footnotes (4)
- [F1]Mr. Beck purchased 500,000 shares of common stock through his IRA account.
- [F2]Includes 15,000,000 shares of common stock acquired by Mr. Beck in accordance with a restricted stock purchase agreement, which shares vest upon Mr. Beck achieving certain milestones.
- [F3]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.
- [F4]Represents a stock option to acquire 20,000,000 shares of common stock at $0.05 per share held by Parity Labs LLC, a private consulting firm which is principally owned by Mr. Beck.