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authID Inc. — Director's Dealing 2018
Dec 6, 2018
34633_dirs_2018-12-06_4bcf909c-5715-4d50-ac88-5ccf8c11be0a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Ipsidy Inc. (IDTY)
CIK: 0001534154
Period of Report: 2018-12-03
Reporting Person: STERN THEODORE (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-12-04 | Common Stock, $0.0001 par value per share | G | 2200000 | $0.10 | Disposed | 4885445 | Direct |
| 2018-12-03 | Common Stock, $0.0001 par value per share | A | 578778 | $0.0001 | Acquired | 7085445 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $0.0001 par value per share | 8166667 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Common Stock Purchase Warrant | $0.10 | 2021-04-19 | Common Stock, $0.0001 par value per share (1000000) | 1000000 | Direct |
| Interest Shares | $0.20 | Common Stock, $0.0001 par value per share (1733335) | 1733335 | Indirect |
Footnotes
F1: On December 4, 2018, Theodore Stern gifted 2,200,000 shares of common stock to the Jewish Federation of Greater Pittsburgh.
F2: On December 3, 2018, Mr. Stern and Ipsidy Inc. entered into a Restricted Stock Agreement pursuant to which Mr. Stern acquired 578,778 shares of common stock in connection with his service as a director.
F3: Shares of common stock are held by the Theodore Stern Revocable Trust (the "Trust").
F4: 1,733,335 shares of common stock that may be issued upon the conversion of interest accrued at $0.20 per share as of August 9, 2018 under that certain Unsecured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Trust.