Arthur B. Laffer - Jun 5, 2024 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Nancy Meyers, Attorney-in-Fact for Arthur B. Laffer
Stock symbol
VRME
Transactions as of
Jun 5, 2024
Transactions value $
$0
Form type
4
Date filed
6/6/2024, 04:36 PM
Previous filing
Apr 15, 2024
Next filing
Jul 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRME Common Stock, par value $0.001 Award $0 +35K +12.5% $0.00 315K Jun 5, 2024 Direct F1, F2
holding VRME Common Stock, par value $0.001 47.9K Jun 5, 2024 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
holding VRME Stock Option (Right to Buy) 3K Jun 5, 2024 Common Stock, par value $0.001 3K $4.03 Direct F4
holding VRME Stock Option (Right to Buy) 10K Jun 5, 2024 Common Stock, par value $0.001 10K $3.51 Direct F4
holding VRME Stock Option (Right to Buy) 10K Jun 5, 2024 Common Stock, par value $0.001 10K $3.51 Direct F4
holding VRME Warrant (Right to Buy) 31.1K Jun 5, 2024 Common Stock, par value $0.001 31.1K $3.22 By Jama Land, LLC F3
holding VRME Warrant (Right to Buy) 10.8K Jun 5, 2024 Common Stock, par value $0.001 10.8K $4.60 Direct
holding VRME Warrant (Right to Buy) 25.6K Jun 5, 2024 Common Stock, par value $0.001 25.6K $4.60 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This restricted stock award was granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vests on 6/5/2025, subject to the reporting person's continuous service as a member of the board of directors.
F2 Includes (i) 35,000 shares of restricted stock that vest on 6/5/2025, (ii) 86,806 shares of restricted stock that vest on 6/7/2024 and (iii) 89,310 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 This option is fully exercisable as of the date of this report.