Filing Details

Accession Number:
0001062993-23-017943
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-09-12 16:30:24
Reporting Period:
2023-09-08
Accepted Time:
2023-09-12 16:30:24
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1104038 Verifyme Inc. VRME Services-Computer Integrated Systems Design (7373) 233023677
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1723447 H Adam Stedham C/O Verifyme, Inc.
801 International Parkway, Fifth Floor
Lake Mary FL 32746
Chief Executive Officer 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, Par Value $0.001 Per Share Acquisiton 2023-09-08 929 $1.14 116,752 No 4 P Direct
Common Stock, Par Value $0.001 Per Share Acquisiton 2023-09-11 1,000 $1.14 117,752 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock, Par Value $0.001 Per Share 8% Convertible Promissory Note due 2026 $1.15 2023-08-25 2026-08-25 152,174 0 Direct
Common Stock, Par Value $0.001 Per Share Restricted Stock Units $0.00 204,082 204,082 Direct
Common Stock, Par Value $0.001 Per Share Restricted Stock Units $0.00 550,000 550,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2026-08-25 152,174 0 Direct
204,082 204,082 Direct
550,000 550,000 Direct
Footnotes
  1. Includes 28,592 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.
  2. These restricted stock units, which convert into common stock on a one-for-one basis, vest in three equal annual installments on each of 6/19/2024, 6/19/2025 and 6/19/2026, except as otherwise provided in the award notice.
  3. These restricted stock units, which convert into common stock on a one-for-one basis, vest in three tranches, except as otherwise provided in the award notice. Tranche 1 will vest 150,000 shares of common stock on or after the first anniversary of the grant date if the price of the Issuer's common stock is $2.21 per share and trades at or above that price for 20 consecutive days. Tranche 2 will vest 200,000 shares of common stock on or after the second anniversary of the grant date if the Issuer's common stock trades at or above $2.94 per share for 20 consecutive trading days. Tranche 3 will vest 200,000 shares of common stock on the fourth anniversary of the grant date if the Issuer's common stock trades at or above $3.68 per share for 20 consecutive trading days.