Scott N. Greenberg - 01 Jan 2023 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Scott Greenberg
Issuer symbol
VRME
Transactions as of
01 Jan 2023
Net transactions value
$0
Form type
4
Filing time
03 Jan 2023, 15:32:24 UTC
Previous filing
25 May 2022
Next filing
21 Mar 2023

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 +46% $0.000000 124,065 01 Jan 2023 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 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, F3
holding VRME Restricted Stock Units 30,000 01 Jan 2023 Common Stock, par value $0.001 30,000 $0.000000 Direct F4, F5
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) 15,552 01 Jan 2023 Common Stock, par value $0.001 15,552 $3.22 Direct
holding VRME Warrant (Right to Buy) 6,403 01 Jan 2023 Common Stock, par value $0.001 6,403 $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 68,310 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 These restricted stock units vested on 1/1/2023.
F4 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.
F5 (Continued from footnote 4) 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.
F6 This option is fully exercisable as of the date of this report.