Arthur B. Laffer - Sep 17, 2021 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Margaret Gezerlis, Attorney-in-fact for Arthur Laffer
Stock symbol
VRME
Transactions as of
Sep 17, 2021
Transactions value $
$0
Form type
4
Date filed
9/21/2021, 05:17 PM
Previous filing
Jun 29, 2021
Next filing
Nov 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRME Common Stock, par value $0.001 Options Exercise $0 +7K +9.65% $0.00 79.5K Sep 17, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VRME Restricted Stock Units Award $0 +21K $0.00 21K Sep 17, 2021 Common Stock, par value $0.001 21K $0.00 Direct F1
transaction VRME Restricted Stock Units Options Exercise $0 -7K -33.33% $0.00 14K Sep 17, 2021 Common Stock, par value $0.001 7K $0.00 Direct F1
holding VRME Restricted Stock Units 29K Sep 17, 2021 Common Stock, par value $0.001 29K $0.00 Direct F2
holding VRME Stock Option (Right to Buy) 3K Sep 17, 2021 Common Stock, par value $0.001 3K $4.03 Direct F3
holding VRME Stock Option (Right to Buy) 10K Sep 17, 2021 Common Stock, par value $0.001 10K $3.51 Direct F3
holding VRME Stock Option (Right to Buy) 10K Sep 17, 2021 Common Stock, par value $0.001 10K $3.51 Direct F3
holding VRME Warrant (Right to Buy) 10.8K Sep 17, 2021 Common Stock, par value $0.001 10.8K $4.60 Direct
holding VRME Warrant (Right to Buy) 25.6K Sep 17, 2021 Common Stock, par value $0.001 25.6K $4.60 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vested one-third on 9/17/2021 with respect to 7,000 shares as reflected in the Table I transaction of this report and vest one-third on each of 9/17/2022 and 9/17/2023, subject to continuous service as a member of the board of directors, and become payable upon separation of the Reporting Person's service as a director.
F2 These restricted stock units, which convert into common stock on a one-for-one basis, except as otherwise provided in the award notice, vest on 1/19/2022, subject to continuous service as a member of the board of directors, and become payable upon separation of the Reporting Person's service as a director.
F3 This option has fully vested as of the date of this report.