0001062993-24-012890.txt : 20240621 0001062993-24-012890.hdr.sgml : 20240621 20240621163054 ACCESSION NUMBER: 0001062993-24-012890 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240619 FILED AS OF DATE: 20240621 DATE AS OF CHANGE: 20240621 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Stedham Adam H CENTRAL INDEX KEY: 0001723447 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39332 FILM NUMBER: 241060932 MAIL ADDRESS: STREET 1: GP STRATEGIES CORPORATION STREET 2: 11000 BROKEN LAND PARKWAY, SUITE 200 CITY: COLUMBIA STATE: MD ZIP: 21044 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: VerifyMe, Inc. CENTRAL INDEX KEY: 0001104038 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] ORGANIZATION NAME: 06 Technology IRS NUMBER: 233023677 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 801 INTERNATIONAL PARKWAY STREET 2: FIFTH FLOOR CITY: LAKE MARY STATE: FL ZIP: 32746 BUSINESS PHONE: 585-736-9400 MAIL ADDRESS: STREET 1: 801 INTERNATIONAL PARKWAY STREET 2: FIFTH FLOOR CITY: LAKE MARY STATE: FL ZIP: 32746 FORMER COMPANY: FORMER CONFORMED NAME: LASERLOCK TECHNOLOGIES INC DATE OF NAME CHANGE: 20001004 4 1 form4.xml STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES X0508 4 2024-06-19 0001104038 VerifyMe, Inc. VRME 0001723447 Stedham Adam H C/O VERIFYME, INC. 801 INTERNATIONAL PARKWAY, FIFTH FLOOR LAKE MARY FL 32746 1 1 0 0 CEO and President 0 Common Stock, par value $0.001 per share 2024-06-19 4 M 0 68027 0 A 237936 D Common Stock, par value $0.001 per share 2024-06-19 4 F 0 29932 1.53 D 208004 D Restricted Stock Units 0 2024-06-19 4 M 0 68027 0 D Common Stock, par value $0.001 per share 68027 136055 D Restricted Stock Units 0 Common Stock, par value $0.001 per share 550000 550000 D 8% Convertible Promissory Note due 2026 1.15 2023-08-25 2026-08-25 Common Stock, par value $0.001 per share 152174 175000 D These restricted stock units convert into common stock on a one-for-one basis. Includes 28,592 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. Shares withheld to cover tax withholding obligations on the vesting of restricted stock units. These restricted stock units vested one-third on 6/19/2024 and the balance vests in substantially equal installments on each of 6/19/2025 and 6/19/2026, except as otherwise provided in the award notice. These restricted stock units vest in three tranches, except as otherwise provided in the award notice. Tranche 1 will vest 150,000 shares of common stock on or after the first anniversary of the grant date if the price of the Issuer's common stock is $2.21 per share and trades at or above that price for 20 consecutive days. Tranche 2 will vest 200,000 shares of common stock on or after the second anniversary of the grant date if the Issuer's common stock trades at or above $2.94 per share for 20 consecutive trading days. Tranche 3 will vest 200,000 shares of common stock on the fourth anniversary of the grant date if the Issuer's common stock trades at or above $3.68 per share for 20 consecutive trading days. /s/ Nancy Meyers, Attorney-in-Fact for Adam Stedham 2024-06-21