Laffer Arthur B bought $15,100 worth of shares (11,095 units at $1.36), increasing direct ownership by 3% to 279,911 units (SEC Form 4)
$VRME
EDP Services
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
VerifyMe, Inc. [ VRME ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/25/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock, par value $0.001 | 03/25/2024 | P | 7,394.825 | A | $1.357(1) | 279,910.825(2) | D | |||
| Common Stock, par value $0.001 | 03/25/2024 | P | 3,700 | A | $1.369 | 47,925 | I | By Jama Land, LLC(3) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Option (Right to Buy) | $4.025 | (4) | 04/16/2025 | Common Stock, par value $0.001 | 3,000 | 3,000 | D | ||||||||
| Stock Option (Right to Buy) | $3.505 | (4) | 01/07/2025 | Common Stock, par value $0.001 | 10,000 | 10,000 | D | ||||||||
| Stock Option (Right to Buy) | $3.505 | (4) | 01/07/2025 | Common Stock, par value $0.001 | 10,000 | 10,000 | D | ||||||||
| Warrant (Right to Buy) | $3.215 | 10/14/2022 | 10/14/2027 | Common Stock, par value $0.001 | 31,104 | 31,104 | I | By Jama Land, LLC(3) | |||||||
| Warrant (Right to Buy) | $4.6 | 06/22/2020 | 06/22/2025 | Common Stock, par value $0.001 | 10,800 | 10,800 | D | ||||||||
| Warrant (Right to Buy) | $4.6 | 06/22/2020 | 06/22/2025 | Common Stock, par value $0.001 | 25,600 | 25,600 | D | ||||||||
| Explanation of Responses: |
| 1. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.3532 to $1.36. Mr. Laffer undertakes to provide VerifyMe, Inc., any security holder of VerifyMe, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. |
| 2. Includes (i) 86,806 shares of restricted stock that vest on 6/7/2024 and (ii) 89,310 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. |
| 3. Mr. Laffer is a Managing Member of Jama Land, LLC. |
| 4. This option is fully exercisable as of the date of this report. |
| /s/ Nancy Meyers, Attorney-in-Fact for Arthur B. Laffer | 03/26/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||