ARTHUR B. LAFFER - 31 Aug 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
31 Aug 2022
Net transactions value
+$9,600
Form type
4
Filing time
01 Sep 2022, 16:40:53 UTC
Previous filing
08 Jul 2022
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 VRME Common Stock, par value $0.001 Award $9,600 +8,000 +8% $1.20 108,402 31 Aug 2022 Direct F1, F2
holding VRME Common Stock, par value $0.001 44,225 31 Aug 2022 By Jama Land, LLC F3

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
holding VRME Warrant (Right to Buy) 31,104 31 Aug 2022 Common Stock, par value $0.001 31,104 $3.22 By Jama Land, LLC F3
holding VRME Restricted Stock Units 39,308 31 Aug 2022 Common Stock, par value $0.001 39,308 $0.000000 Direct F4
holding VRME Restricted Stock Units 14,000 31 Aug 2022 Common Stock, par value $0.001 14,000 $0.000000 Direct F5
holding VRME Stock Option (Right to Buy) 3,000 31 Aug 2022 Common Stock, par value $0.001 3,000 $4.02 Direct F6
holding VRME Stock Option (Right to Buy) 10,000 31 Aug 2022 Common Stock, par value $0.001 10,000 $3.50 Direct F6
holding VRME Stock Option (Right to Buy) 10,000 31 Aug 2022 Common Stock, par value $0.001 10,000 $3.50 Direct F6
holding VRME Warrant (Right to Buy) 10,800 31 Aug 2022 Common Stock, par value $0.001 10,800 $4.60 Direct
holding VRME Warrant (Right to Buy) 25,600 31 Aug 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 These shares were acquired under the VerifyMe, Inc. 2021 Stock Purchase Plan in a transaction exempt under Rule 16b-3(d).
F2 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.
F3 Mr. Laffer is a Managing Member of Jama Land, LLC.
F4 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.
F5 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.
F6 This option is fully exercisable as of the date of this report.