SEC Form 4 · accession 0001214659-18-000211
VerifyMe, Inc. · VRME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norman A Gardner
Officer — Secretary and Treasurer · Director
Period of report
Jan 3, 2018
Accepted (ET)
Jan 5, 2018 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001104038
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 3, 2018 | M | 4,027,778 | $0.07 | A | 5,021,691 | D | |
| Common Stock | Jan 3, 2018 | F | 972,222 | $0.36 | D | 4,049,469 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $0.07 | Jan 3, 2018 | M | 5,000,000 | D | Jun 28, 2017 | Jun 28, 2022 | Common Stock | 5,000,000 | 5,415,000 | D |
Remarks
The cashless exercise of the stock options was pre-approved by a committee of non-employee members of the issuer's Board of Directors and both the purchase and sale were exempt under Rule 16b-3.