James W. Fuller - 22 Jul 2021 Form 4 Insider Report for Innovative Payment Solutions, Inc. (IPSI)

Role: Director
Signature: /s/ James W. Fuller
Issuer symbol: IPSI
Transactions as of: 22 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 15 Sep 2021, 09:44:44 UTC
Previous filing: 13 Jul 2021
Next filing: 19 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IPSI	Common Stock	Award	$0	+2,000,000	+99%	$0.000000	4,022,000	22 Jul 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	IPSI	Stock Option	Disposed to Issuer	$0	-208,333	-100%	$0.000000^*	0	22 Feb 2021	Common Stock	208,333	$0.2400	Direct	F1
transaction	IPSI	Stock Option	Award	$0	+208,333		$0.000000	208,333	22 Jul 2021	Common Stock	208,333	$0.1500	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on February 22, 2021 and vested in full on the day of grant.