Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | VRME | Common Stock, par value $0.001 per share | 9.25K | Feb 16, 2022 | Direct |
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 | +28.1K | $0.00 | 28.1K | Feb 16, 2022 | Common Stock, par value $0.001 per share | 28.1K | $0.00 | Direct | F1, F2 | |
holding | VRME | Stock Option (Right to Buy) | 4K | Feb 16, 2022 | Common Stock, par value $0.001 per share | 4K | $3.51 | Direct | F3 | |||||
holding | VRME | Stock Option (Right to Buy) | 2K | Feb 16, 2022 | Common Stock, par value $0.001 per share | 2K | $16.05 | Direct | F3 |
Id | Content |
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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, vest on 2/16/2024 in two equal tranches. 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. |
F2 | (Continued from footnote 1) 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. |
F3 | This option is fully exercisable as of the date of this report. |