SEC Form 4 · accession 0001615774-18-013413
Ipsidy Inc. · IDTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip D Beck
Officer — CEO, Pres. and Chairman · Director · 10% Owner
Period of report
Nov 28, 2018
Accepted (ET)
Nov 29, 2018 · 9:39 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001534154
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.0001 par valueF1,F2 | Nov 29, 2018 | P | 500,000 | $0.11 | A | 16,500,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $0.10 | holding | — | — | — | Jan 31, 2017 | Jan 31, 2027 | Common Stock, $0.0001 par value per share | 15,000,000 | 15,000,000 | D |
| Stock OptionsF4 | $0.05 | holding | — | — | — | Aug 10, 2016 | Aug 10, 2026 | Common Stock, $0.0001 par value per share | 20,000,000 | 20,000,000 | I |
Explanation of responses
- F1Mr. Beck purchased 500,000 shares of common stock through his IRA account.
- F2Includes 15,000,000 shares of common stock acquired by Mr. Beck in accordance with a restricted stock purchase agreement, which shares vest upon Mr. Beck achieving certain milestones.
- F3The Stock Options vest with respect to (i) one-third of the shares of common stock upon January 31, 2017 and (ii) in 24 equal monthly tranches commencing on the January 31, 2017.
- F4Represents a stock option to acquire 20,000,000 shares of common stock at $0.05 per share held by Parity Labs LLC, a private consulting firm which is principally owned by Mr. Beck.