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authID Inc. — Director's Dealing 2020
May 27, 2020
34633_dirs_2020-05-27_5ae0ebd5-1555-4735-9f10-f4fe17f68acd.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: Ipsidy Inc. (IDTY)
CIK: 0001534154
Period of Report: 2020-05-22
Reporting Person: Beck Philip D (Director, 10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.0001 par value | 625000 | Indirect |
| Common Stock, $.0001 par value | 16500000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 15% Convertible Note | $0.20 | 2022-02-28 | Common Stock, $0.0001 par value per share (375000) | 375000 | Direct |
| 8% Convertible Note | $0.08 | 2022-02-28 | Common Stock, $0.0001 par value per share (312500) | 312500 | Direct |
| Stock Options | $0.10 | 2027-01-31 | Common Stock, $0.0001 par value per share (15000000) | 15000000 | Direct |
| Stock Options | $0.05 | 2026-08-10 | Common Stock, $0.0001 par value per share (20000000) | 20000000 | Indirect |
Footnotes
F1: Shares held by an individual retirement account.
F2: Includes 15,000,000 shares of common stock acquired by Mr. Beck in accordance with a restricted stock purchase agreement dated September 29, 2017. Pursuant to the letter agreement entered between Ipsidy Inc. (the "Company") and Mr. Beck dated May 22, 2020 the vesting criteria for the restricted shares of common stock was amended as follows: (1) satisfaction of the Performance Goals set forth under the Restricted Stock Agreement, (2) on the date that the Company either fails to re-nominate or re-elect Mr. Beck as a Director, or as Chairman of the Company's Board of Directors, or (3) on the two year anniversary if Mr. beck is continuing to provide services to the Company in any capacity.
F3: Represents a stock option to acquire 20,000,000 shares of common stock at $0.05 per share held by Parity Labs LLC, a private consulting firm which is principally owned by Mr. Beck.
F4: In connection with the Company's private offering, Mr. Beck acquired a 15% Convertible Note. The 15% Convertible Note is convertible into an amount equal to 150% of the principal amount due under the 15% Convertible Note divided by the conversion price of $0.20 per share.