Filing Details
- Accession Number:
- 0001213900-20-016573
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-07-02 16:19:03
- Reporting Period:
- 2020-06-30
- Accepted Time:
- 2020-07-02 16:19:03
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1534154 | Ipsidy Inc. | IDTY | Services-Prepackaged Software (7372) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1781770 | R Philip Broenniman | C/O Ipsidy Inc., 670 Long Beach Blvd. Long Beach NY 11561 | President/Coo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, $.0001 Par Value | Acquisiton | 2020-06-30 | 714,285 | $0.07 | 9,153,969 | No | 4 | P | Indirect | See footnote |
| Common Stock, $.0001 Par Value | Acquisiton | 2020-06-30 | 3,716,667 | $0.07 | 8,439,684 | No | 4 | X | Indirect | See footnote |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | See footnote |
| No | 4 | X | Indirect | See footnote |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock, $0.0001 Par Value Per Share | Warrants | Acquisiton | 2020-06-30 | 929,167 | $0.07 | 929,167 | $0.15 |
| Common Stock, $0.0001 Par Value Per Share | Warrants | Acquisiton | 2020-06-30 | 3,716,667 | $0.07 | 3,716,667 | $0.07 |
| Common Stock, $0.0001 Par Value Per Share | Warrants | Acquisiton | 2020-06-30 | 3,716,667 | $0.07 | 3,716,667 | $0.07 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 929,167 | 2020-06-30 | 2022-06-30 | No | 4 | P | Indirect |
| 0 | 2015-09-30 | 2020-09-30 | No | 4 | X | Indirect |
| 3,716,667 | 2015-09-30 | 2020-09-30 | No | 4 | P | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock, $.0001 Par Value | 5,182,412 | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock, $0.0001 Par Value Per Share | Stock Options | $0.07 | 2020-05-22 | 2025-05-22 | 16,666,666 | 16,666,666 | Direct |
| Common Stock, $0.0001 Par Value Per Share | Warrants | $0.17 | 2018-08-15 | 2023-08-15 | 350,000 | 350,000 | Direct |
| Common Stock, $0.0001 Par Value Per Share | Warrants | $0.09 | 2019-06-24 | 2024-06-23 | 262,500 | 262,500 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2025-05-22 | 16,666,666 | 16,666,666 | Direct |
| 2023-08-15 | 350,000 | 350,000 | Direct |
| 2024-06-23 | 262,500 | 262,500 | Direct |
Footnotes
- Includes the right to acquire 1,500,000 shares of common stock at par value subject to the certain vesting criteria granted to Mr. Broenniman on March 6, 2020 pursuant to a Restricted Stock Purchase Agreement.
- Mr. Broenniman is the Managing Partner of Varana Capital, LLC ("Varana Capital"), which, in turn, is the investment manager of and has dispositive control over the shares held by Varana Capital Focused, LP ("VCFLP"). By virtue of these relationships, in addition to the shares he holds personally, Mr. Broenniman may be deemed to beneficially own the shares held by Varana Capital Focused, LP.
- On May 22, 2020, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 16,666,666 shares of common stock at an exercise price of $0.07 per share with 3,333,333 shares vesting upon the grant of Non-Statutory Option, 5,333,333 shares vesting upon achieving certain performance conditions and 8,000,000 shares vesting upon achieving certain additional performance conditions.
- On June 30, 2020, VCFLP acquired common stock purchase warrants to acquire 3,716,667 shares of common stock from a warrant holder and VCFLP subsequently exercised the common stock purchase warrant for cash. In consideration of exercising its common stock purchase warrant to acquire 3,716,667 shares of common stock, VCFLP was granted a common stock purchase warrant to acquire 929,167 shares of common stock at an exercise price of $0.15 per share. Also on June 30, 2020, VCFLP entered into a Securities Purchase Agreement and acquired 714,285 shares of common stock for cash.
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