ARTHUR B. LAFFER - 14 Apr 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Arthur B. Laffer
Issuer symbol
VRME
Transactions as of
14 Apr 2022
Net transactions value
$0
Form type
4
Filing time
14 Apr 2022, 17:17:20 UTC
Previous filing
02 Mar 2022
Next filing
08 Jul 2022
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 Purchase +31,104 +237% 44,225 14 Apr 2022 Jama Land, LLC F2, F3, F4
holding VRME Common Stock, par value $0.001 100,402 14 Apr 2022 Direct F1

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 VRME Warrant (Right to Buy) Purchase +31,104 31,104 14 Apr 2022 Common Stock, par value $0.001 31,104 $3.22 Jama Land, LLC F2, F4
holding VRME Restricted Stock Units 39,308 14 Apr 2022 Common Stock, par value $0.001 39,308 $0.000000 Direct F5
holding VRME Restricted Stock Units 14,000 14 Apr 2022 Common Stock, par value $0.001 14,000 $0.000000 Direct F6
holding VRME Stock Option (Right to Buy) 3,000 14 Apr 2022 Common Stock, par value $0.001 3,000 $4.02 Direct F7
holding VRME Stock Option (Right to Buy) 10,000 14 Apr 2022 Common Stock, par value $0.001 10,000 $3.50 Direct F7
holding VRME Stock Option (Right to Buy) 10,000 14 Apr 2022 Common Stock, par value $0.001 10,000 $3.50 Direct F7
holding VRME Warrant (Right to Buy) 10,800 14 Apr 2022 Common Stock, par value $0.001 10,800 $4.60 Direct
holding VRME Warrant (Right to Buy) 25,600 14 Apr 2022 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 Includes 36,002 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.
F2 The reported securities are included within 31,104 units purchased by Jama Land, LLC for $3.215 per unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.
F3 Includes 13,121 shares previously reported as being held directly.
F4 Mr. Laffer is a Managing Member of Jama Land, LLC.
F5 These restricted stock units, which convert into common stock on a one-for-one basis, vest on 1/1/2023, except as otherwise provided in the award notice, subject to continuous service as a member of the board of directors, and become payable upon separation of the Reporting Person's service as a director.
F6 These restricted stock units, which convert into common stock on a one-for-one basis, vested one-third on 9/17/2021 and, except as otherwise provided in the award notice, vest one-third on each of 9/17/2022 and 9/17/2023, subject to continuous service as a member of the board of directors, and become payable upon separation of the Reporting Person's service as a director.
F7 This option is fully exercisable as of the date of this report.