Christopher P. Gardner - Jan 1, 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Patrick White, Attorney-in-Fact for Christopher P. Gardner
Stock symbol
VRME
Transactions as of
Jan 1, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 03:33 PM
Previous filing
Sep 21, 2021
Next filing
Jan 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRME Common Stock, par value $0.001 Award $0 +39.3K +82.22% $0.00 87.1K Jan 1, 2022 Direct F1, F2

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
holding VRME Restricted Stock Units 14K Jan 1, 2022 Common Stock, par value $0.001 14K $0.00 Direct F3
holding VRME Restricted Stock Units 29K Jan 1, 2022 Common Stock, par value $0.001 29K $0.00 Direct F4
holding VRME Stock Option (Right to Buy) 10K Jan 1, 2022 Common Stock, par value $0.001 10K $3.51 Direct F5
holding VRME Stock Option (Right to Buy) 10K Jan 1, 2022 Common Stock, par value $0.001 10K $3.51 Direct F5
holding VRME Warrant (Right to Buy) 16K Jan 1, 2022 Common Stock, par value $0.001 16K $4.60 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This time-vested restricted stock award was granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exemption under Rule 16b-3 and, except as otherwise provided in the award notice, vests on 1/1/2023, subject to continuous service as a member of the board of directors.
F2 Includes 7,000 vested restricted stock units that become payable in shares of common stock of VerifyMe, Inc. upon separation of the Reporting Person's service as a director.
F3 These restricted stock units, which convert into common stock on a one-for-one basis, except as otherwise provided in the award notice, vested one-third on 9/17/2021 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.
F4 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.
F5 This option has fully vested as of the date of this report.