ARTHUR B. LAFFER - 01 Jan 2023 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Arthur B. Laffer
Issuer symbol
VRME
Transactions as of
01 Jan 2023
Net transactions value
$0
Form type
4
Filing time
03 Jan 2023, 15:31:12 UTC
Previous filing
21 Sep 2022
Next filing
22 Feb 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 +39,308 +34% $0.000000 154,710 01 Jan 2023 Direct F1, F2
holding VRME Common Stock, par value $0.001 44,225 01 Jan 2023 By Jama Land, LLC 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 -39,308 -100% $0.000000* 0 01 Jan 2023 Common Stock, par value $0.001 39,308 $0.000000 Direct F1, F4
holding VRME Restricted Stock Units 7,000 01 Jan 2023 Common Stock, par value $0.001 7,000 $0.000000 Direct F5
holding VRME Stock Option (Right to Buy) 3,000 01 Jan 2023 Common Stock, par value $0.001 3,000 $4.02 Direct F6
holding VRME Stock Option (Right to Buy) 10,000 01 Jan 2023 Common Stock, par value $0.001 10,000 $3.50 Direct F6
holding VRME Stock Option (Right to Buy) 10,000 01 Jan 2023 Common Stock, par value $0.001 10,000 $3.50 Direct F6
holding VRME Warrant (Right to Buy) 31,104 01 Jan 2023 Common Stock, par value $0.001 31,104 $3.22 By Jama Land, LLC F3
holding VRME Warrant (Right to Buy) 10,800 01 Jan 2023 Common Stock, par value $0.001 10,800 $4.60 Direct
holding VRME Warrant (Right to Buy) 25,600 01 Jan 2023 Common Stock, par value $0.001 25,600 $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 and become payable upon separation of the Reporting Person's service as a director.
F2 Includes 82,310 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 Mr. Laffer is a Managing Member of Jama Land, LLC.
F4 These restricted stock units vested on 1/1/2023.
F5 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.
F6 This option is fully exercisable as of the date of this report.