THEODORE STERN - 05 May 2021 Form 4 Insider Report for Ipsidy Inc. (AUID)

Role
Director
Signature
/s/ Theodore Stern
Issuer symbol
AUID
Transactions as of
05 May 2021
Net transactions value
$0
Form type
4
Filing time
07 May 2021, 16:42:40 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AUID Common Stock, $0.0001 par value per share 5,885,445 05 May 2021 Direct

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 AUID Stock Options Award $0 +1,645,521 $0.000000 1,645,521 05 May 2021 Common Stock, $0.0001 par value per share 1,645,521 $0.2400 Direct F3
holding AUID Common Stock Purchase Warrant 250,000 05 May 2021 Common Stock, $0.0001 par value per share 250,000 $0.1500 Direct
holding AUID Amended and Restated Promissory Notes 15,000,000 05 May 2021 Common Stock, $0.0001 par value per share 15,000,000 $0.2000 See footnote F1
holding AUID 15% Convertible Note 375,000 05 May 2021 Common Stock, $0.0001 par value per share 375,000 $0.2000 Direct
holding AUID Interest Shares 3,310,000 05 May 2021 Common Stock, $0.0001 par value per share 3,310,000 $0.2000 See Footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 15,000,000 shares of common stock that may be issued upon the conversion of principal at $0.20 per share under that certain Amended & Restated Secured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Theodore Stern Revocable Trust (the "Trust").
F2 Represents 3,310,000 shares of common stock that may be issued upon the conversion of interest accrued at $0.20 per share under that certain Unsecured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Trust.
F3 On May 5, 2021, the Company granted Mr. Stern a Non-Statutory Option to acquire 1,645,521 shares of common stock at an exercise price of $0.24 per share with 973,880 shares vesting upon grant of Non-Statutory Option and 671,641 shares of common stock underlying the stock options vesting over twelve months.