Arthur B. Laffer - 14 Apr 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Reporting relationship: Director
Issuer ticker: VRME
Reported as of: 14 Apr 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 14 Apr 2022, 17:17:20 UTC
Prior SEC filing: 02 Mar 2022
Next SEC filing: 08 Jul 2022
Source filing: View source filing
Reporting owner signature: /s/ Margaret Gezerlis, Attorney-in-Fact for Arthur B. Laffer

Key filing fact

Arthur B. Laffer filed Form 4 for VerifyMe, Inc. (VRME) on 14 Apr 2022.

Key facts

This page summarizes Arthur B. Laffer's Form 4 filing for VerifyMe, Inc. (VRME).
2 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 14 Apr 2022, 17:17.

Change

Previous filing in this sequence was filed on 02 Mar 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VRME transaction

Common Stock, par value $0.001

Purchase

Transaction value
Shares: +31,104
Change %: +237%
Price
Shares after: 44,225
Date: 14 Apr 2022
Ownership: Jama Land, LLC
Footnotes: F2, F3, F4

VRME holding

Common Stock, par value $0.001

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 100,402
Date: 14 Apr 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VRME transaction Derivative

Warrant (Right to Buy)

Purchase

Transaction value
Shares: +31,104
Change %
Price
Shares after: 31,104
Date: 14 Apr 2022
Ownership: Jama Land, LLC
Underlying class: Common Stock, par value $0.001
Underlying amount: 31,104
Exercise price: $3.22
Footnotes: F2, F4

VRME holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 39,308
Date: 14 Apr 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001
Underlying amount: 39,308
Exercise price: $0.000000
Footnotes: F5

VRME holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 14,000
Date: 14 Apr 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001
Underlying amount: 14,000
Exercise price: $0.000000
Footnotes: F6

VRME holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,000
Date: 14 Apr 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001
Underlying amount: 3,000
Exercise price: $4.02
Footnotes: F7

VRME holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,000
Date: 14 Apr 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001
Underlying amount: 10,000
Exercise price: $3.50
Footnotes: F7

VRME holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,000
Date: 14 Apr 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001
Underlying amount: 10,000
Exercise price: $3.50
Footnotes: F7

VRME holding Derivative

Warrant (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,800
Date: 14 Apr 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001
Underlying amount: 10,800
Exercise price: $4.60

VRME holding Derivative

Warrant (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 25,600
Date: 14 Apr 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001
Underlying amount: 25,600
Exercise price: $4.60

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Includes 36,002 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.

Footnote F2

The reported securities are included within 31,104 units purchased by Jama Land, LLC for $3.215 per unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.

Footnote F3

Includes 13,121 shares previously reported as being held directly.

Footnote F4

Mr. Laffer is a Managing Member of Jama Land, LLC.

Footnote 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.

Footnote F6

These restricted stock units, which convert into common stock on a one-for-one basis, vested one-third on 9/17/2021 and, except as otherwise provided in the award notice, 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.

Footnote F7

This option is fully exercisable as of the date of this report.