patrick white - Mar 29, 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Chief Executive Officer, Director
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Patrick White
Stock symbol
VRME
Transactions as of
Mar 29, 2022
Transactions value $
-$31,400
Form type
4
Date filed
3/30/2022, 04:34 PM
Previous filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRME Common Stock, par value $0.001 Disposed to Issuer -$31.4K -8.87K -12.87% $3.54 60.1K Mar 29, 2022 Direct

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 61.3K Mar 29, 2022 Common Stock, par value $0.001 61.3K $0.00 Direct F1, F2
holding VRME Stock Option (Right to Buy) 10K Mar 29, 2022 Common Stock, par value $0.001 10K $7.00 Direct F3
holding VRME Stock Option (Right to Buy) 140K Mar 29, 2022 Common Stock, par value $0.001 140K $3.50 Direct F3
* 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, vest on 2/16/2024 in two equal tranches, except as otherwise provided in the award notice. 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.