Filing Details

Accession Number:
0001062993-23-008207
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-03-31 16:31:26
Reporting Period:
2023-03-29
Accepted Time:
2023-03-31 16:31:26
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1104038 Verifyme Inc. VRME () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
925236 S Marshall Geller C/O Verifyme, Inc.
801 International Parkway, Fifth Floor
Lake Mary FL 32746
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.001 Acquisiton 2023-03-29 1,000 $1.60 296,303 No 4 P Indirect By Marshall & Patricia Geller Living Trust
Common Stock, Par Value $0.001 Acquisiton 2023-03-30 1,000 $1.61 297,303 No 4 P Indirect By Marshall & Patricia Geller Living Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Marshall & Patricia Geller Living Trust
No 4 P Indirect By Marshall & Patricia Geller Living Trust
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.001 82,001 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock, Par Value $0.001 Restricted Stock Units $0.00 30,000 30,000 Direct
Common Stock, Par Value $0.001 Stock Option (Right to Buy) $5.30 2025-05-27 3,000 3,000 Indirect
Common Stock, Par Value $0.001 Stock Option (Right to Buy) $3.51 2025-01-07 10,000 10,000 Indirect
Common Stock, Par Value $0.001 Stock Option (Right to Buy) $3.51 2025-01-07 10,000 10,000 Indirect
Common Stock, Par Value $0.001 Warrant (Right to Buy) $3.22 2022-10-14 2027-10-14 31,104 31,104 Indirect
Common Stock, Par Value $0.001 Warrant (Right to Buy) $4.60 2020-06-22 2025-06-22 7,000 7,000 Direct
Common Stock, Par Value $0.001 Warrant (Right to Buy) $4.60 2020-06-22 2025-06-22 31,941 31,941 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
30,000 30,000 Direct
2025-05-27 3,000 3,000 Indirect
2025-01-07 10,000 10,000 Indirect
2025-01-07 10,000 10,000 Indirect
2027-10-14 31,104 31,104 Indirect
2025-06-22 7,000 7,000 Direct
2025-06-22 31,941 31,941 Indirect
Footnotes
  1. Includes 30,001 vested restricted stock units that become payable, on a one-for-one basis, in shares of common stock of VerifyMe, Inc. upon separation of the Reporting Person's service as a director.
  2. Includes 38,309 vested restricted stock units that become payable, on a one-for-one basis, in shares of common stock of VerifyMe, Inc. upon separation of the Reporting Person's service as a director.
  3. These restricted stock units, which convert into common stock on a one-for-one basis, vest on 4/7/2024 in two equal tranches, except as otherwise provided in the award notice. Tranch 1 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $5.00 for 20 consecutive trading days, Tranch 1 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days.
  4. (Continued from footnote 3) Tranch 2 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $7.00 for 20 consecutive trading days, Tranch 2 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days.
  5. This option is fully exercisable as of the date of this report.