authID Inc. — Director's Dealing 2020

Feb 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ipsidy Inc. (IDTY)
CIK: 0001534154
Period of Report: 2020-02-14

Reporting Person: STERN THEODORE (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-14	Amended and Restated Promissory Notes	$0.20	P	15000000	Acquired	2022-02-28	Common Stock, $0.0001 par value per share (15000000)	Indirect
2020-02-14	15% Convertible Note	$0.2	P	375000	Acquired	2022-02-28	Common Stock, $0.0001 par value per share (375000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.0001 par value per share	4885445	Direct
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 (3310000)	3310000	Indirect

Footnotes

F1: Shares of common stock are held by the Theodore Stern Revocable Trust (the "Trust").

F2: Represents 3,310,000 shares of common stock that may be issued upon the conversion of interest accrued at $0.20 per share under issued under that certain Unsecured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Trust.

F3: In connection with the Company's private offering, Mr. Stern 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.

F4: The Company issued the Stern Trust an Amended and Restated Promissory Note. The Amended and Restated Promissory Note is convertible into an amount equal to 150% of the principal amount due under the Amended and Restated Promissory Note divided by the conversion price of $0.20 per share.