Arthur B. Laffer - Jan 1, 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Patrick White, Attorney-in-Fact for Arthur B. Laffer
Stock symbol
VRME
Transactions as of
Jan 1, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 03:34 PM
Previous filing
Nov 16, 2021
Next filing
Jan 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VRME Common Stock, par value $0.001 79.5K Jan 1, 2022 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 +39.3K $0.00 39.3K Jan 1, 2022 Common Stock, par value $0.001 39.3K $0.00 Direct F2
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) 3K Jan 1, 2022 Common Stock, par value $0.001 3K $4.03 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 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) 10.8K Jan 1, 2022 Common Stock, par value $0.001 10.8K $4.60 Direct
holding VRME Warrant (Right to Buy) 25.6K Jan 1, 2022 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 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.
F2 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, vest on 1/1/2023, 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.
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.