Christopher P. Gardner - 01 Jan 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Patrick White, Attorney-in-Fact for Christopher P. Gardner
Issuer symbol
VRME
Transactions as of
01 Jan 2022
Net transactions value
$0
Form type
4
Filing time
04 Jan 2022, 15:33:22 UTC
Previous filing
21 Sep 2021
Next filing
21 Jan 2022
SEC
View on sec.gov

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 +39,308 +82% $0.000000 87,117 01 Jan 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 14,000 01 Jan 2022 Common Stock, par value $0.001 14,000 $0.000000 Direct F3
holding VRME Restricted Stock Units 29,002 01 Jan 2022 Common Stock, par value $0.001 29,002 $0.000000 Direct F4
holding VRME Stock Option (Right to Buy) 10,000 01 Jan 2022 Common Stock, par value $0.001 10,000 $3.50 Direct F5
holding VRME Stock Option (Right to Buy) 10,000 01 Jan 2022 Common Stock, par value $0.001 10,000 $3.50 Direct F5
holding VRME Warrant (Right to Buy) 16,009 01 Jan 2022 Common Stock, par value $0.001 16,009 $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.