0001062993-24-020116.txt : 20241205 0001062993-24-020116.hdr.sgml : 20241205 20241205163015 ACCESSION NUMBER: 0001062993-24-020116 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20241204 FILED AS OF DATE: 20241205 DATE AS OF CHANGE: 20241205 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: 241529495 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 2024-12-04 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 2024-12-04 4 P 0 3000 .6 A 224004 D Common Stock, par value $0.001 per share 2024-12-05 4 P 0 5000 .62 A 229004 D Restricted Stock Units 0 Common Stock, par value $0.001 per share 9375 9375 D Restricted Stock Units 0 Common Stock, par value $0.001 per share 136055 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 Includes 28,592 vested restricted stock units ("RSUs") 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. These RSUs convert into common stock on a one-for-one basis. These RSUs were granted pursuant to the issuer's salary reduction program and vest on 1/1/2025, except as otherwise provided in the award notice. One-third of the original grant of these RSUs vested on 6/19/2024 and, except as otherwise provided in the award notice, the balance vests in substantially equal installments on each of 6/19/2025 and 6/19/2026. These RSUs 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 6/19/2024 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 6/19/2025 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 6/19/2027 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 2024-12-05