Scott Greenberg - Apr 14, 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Executive Chairman, Director
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Scott Greenberg
Stock symbol
VRME
Transactions as of
Apr 14, 2022
Transactions value $
$0
Form type
4
Date filed
4/14/2022, 05:13 PM
Previous filing
Apr 11, 2022
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRME Common Stock, par value $0.001 Purchase +15.6K +23.14% 82.8K Apr 14, 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
transaction VRME Warrant (Right to Buy) Purchase +15.6K 15.6K Apr 14, 2022 Common Stock, par value $0.001 15.6K $3.22 Direct F1
holding VRME Restricted Stock Units 30K Apr 14, 2022 Common Stock, par value $0.001 30K $0.00 Direct F3, F4
holding VRME Restricted Stock Units 39.3K Apr 14, 2022 Common Stock, par value $0.001 39.3K $0.00 Direct F5
holding VRME Stock Option (Right to Buy) 10K Apr 14, 2022 Common Stock, par value $0.001 10K $3.51 Direct F6
holding VRME Warrant (Right to Buy) 6.4K Apr 14, 2022 Common Stock, par value $0.001 6.4K $4.60 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities are included within 15,552 units purchased by the Reporting Person for $3.215 per unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.
F2 Includes 29,002 vested restricted stock units that become payable, on a one-for-one basis, 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, vest on 4/7/2024 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.
F4 (Continued from footnote 3) 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.
F5 These restricted stock units, which convert into common stock on a one-for-one basis, vest on 1/1/2023, except as otherwise provided in the award notice, 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.
F6 This option is fully exercisable as of the date of this report.