Christopher P. Gardner - 17 Sep 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Christopher P. Gardner
Issuer symbol
VRME
Transactions as of
17 Sep 2022
Net transactions value
$0
Form type
4
Filing time
19 Sep 2022, 16:33:37 UTC
Previous filing
14 Apr 2022
Next filing
24 Apr 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 Options Exercise $0 +7,000 +5.1% $0.000000 143,671 17 Sep 2022 Direct F1, F2, F3

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 Restricted Stock Units Options Exercise $0 -7,000 -50% $0.000000 7,000 17 Sep 2022 Common Stock, par value $0.001 7,000 $0.000000 Direct F1, F4
holding VRME Warrant (Right to Buy) 15,552 17 Sep 2022 Common Stock, par value $0.001 15,552 $3.22 Direct
holding VRME Stock Option (Right to Buy) 10,000 17 Sep 2022 Common Stock, par value $0.001 10,000 $3.50 Direct F5
holding VRME Stock Option (Right to Buy) 10,000 17 Sep 2022 Common Stock, par value $0.001 10,000 $3.50 Direct F5
holding VRME Warrant (Right to Buy) 16,009 17 Sep 2022 Common Stock, par value $0.001 16,009 $4.60 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units convert into common stock on a one-for-one basis.
F2 Includes 43,002 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 Includes 39,308 shares of time-vested restricted stock that vests in full on 1/1/2023, subject to continuous service as a member of the board of directors.
F4 These restricted stock units, which convert into common stock on a one-for-one basis, vested one-third on each of 9/17/2021 and 9/17/2022 and, except as otherwise provided in the award notice, vest one-third on 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.
F5 This option is fully exercisable as of the date of this report.