Margaret Gezerlis - 15 Apr 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Executive Vice President & CFO
Signature
/s/ Margaret Gezerlis
Issuer symbol
VRME
Transactions as of
15 Apr 2022
Net transactions value
-$2,475
Form type
4
Filing time
19 Apr 2022, 16:26:59 UTC
Previous filing
18 Feb 2022
Next filing
24 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRME Common Stock, par value $0.001 per share Tax liability $2,475 -750 -8.1% $3.30 8,500 15 Apr 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
holding VRME Restricted Stock Units 28,125 15 Apr 2022 Common Stock, par value $0.001 per share 28,125 $0.000000 Direct F2, F3
holding VRME Stock Option (Right to Buy) 4,000 15 Apr 2022 Common Stock, par value $0.001 per share 4,000 $3.50 Direct F4
holding VRME Stock Option (Right to Buy) 2,000 15 Apr 2022 Common Stock, par value $0.001 per share 2,000 $16.05 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to cover tax withholding obligations on the vesting of restricted stock.
F2 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.
F3 (Continued from footnote 2) 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.
F4 This option is fully exercisable as of the date of this report.