SEC Form 4 · accession 0001214659-18-003857
VerifyMe, Inc. · VRME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurence J Blickman
Director · 10% Owner
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 5:19 pm EDT
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 | May 15, 2018 | X | 1,000,000 | $0.10 | A | 8,936,481 | I | By Laurence J. Blickman '91 Trust |
| Common Stock | May 16, 2018 | A | 10,000 | $0.225 | A | 5,168,381 | I | By Laurence J. Blickman Defined Benefit Plan |
| Common Stock | holding | — | — | — | 688,426 | I | By Blickman 2005 Family Trust | |
| Common Stock | holding | — | — | — | 1,156,529 | I | By Laurence J. Blickman SEP IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF1,F2 | $0.10 | May 15, 2018 | X | 1,000,000 | D | Nov 28, 2017 | Nov 28, 2022 | Common Stock | 1,000,000 | 78,339 | I |
Explanation of responses
- F1The exercise of the warrants was exempt under Rule 16b-6.
- F2The Reporting Person exercised the warrants at a reduced exercise price of $0.10 per share in accordance with the issuer's warrant reduction program as disclosed in the issuer's Form 8-K's filed on February 25, 2018 and March 22, 2018.