ARTHUR B. LAFFER - 05 Jun 2024 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Nancy Meyers, Attorney-in-Fact for Arthur B. Laffer
Issuer symbol
VRME
Transactions as of
05 Jun 2024
Net transactions value
$0
Form type
4
Filing time
06 Jun 2024, 16:36:44 UTC
Previous filing
15 Apr 2024
Next filing
08 Jul 2024
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 Award $0 +35,000 +13% $0.000000 314,911 05 Jun 2024 Direct F1, F2
holding VRME Common Stock, par value $0.001 47,925 05 Jun 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) 3,000 05 Jun 2024 Common Stock, par value $0.001 3,000 $4.02 Direct F4
holding VRME Stock Option (Right to Buy) 10,000 05 Jun 2024 Common Stock, par value $0.001 10,000 $3.50 Direct F4
holding VRME Stock Option (Right to Buy) 10,000 05 Jun 2024 Common Stock, par value $0.001 10,000 $3.50 Direct F4
holding VRME Warrant (Right to Buy) 31,104 05 Jun 2024 Common Stock, par value $0.001 31,104 $3.22 By Jama Land, LLC F3
holding VRME Warrant (Right to Buy) 10,800 05 Jun 2024 Common Stock, par value $0.001 10,800 $4.60 Direct
holding VRME Warrant (Right to Buy) 25,600 05 Jun 2024 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 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.