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authID Inc. — Director's Dealing 2018
May 2, 2018
34633_dirs_2018-05-02_516885df-d6b7-450d-b9aa-f65dfcfe4721.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: 2018-04-30
Reporting Person: STERN THEODORE (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-04-30 | Common Stock, $0.0001 par value per share | A | 1500000 | $0.28 | Acquired | 1500000 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $0.0001 par value per share | 6506667 | Direct |
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 (1875000) | 1875000 | Indirect |
Footnotes
F1: 1,875,000 shares of common stock that may be issued upon the conversion of interest accrued at $0.20 per share as of December 31, 2017 under that certain Unsecured Promissory Note in the principal amount of $3,000,000 (the "Note") issued to the Theodore Stern Revocable Trust (the "Trust").
F2: On April 30, 2018, in consideration of extending the maturity date of the Note held by the Trust to April 30, 2020 and other consideration, the Company issued the Trust 1,500,000 shares of common stock.
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