<SEC-DOCUMENT>0001213900-20-015098.txt : 20200616
<SEC-HEADER>0001213900-20-015098.hdr.sgml : 20200616
<ACCEPTANCE-DATETIME>20200616160031
ACCESSION NUMBER:		0001213900-20-015098
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200611
FILED AS OF DATE:		20200616
DATE AS OF CHANGE:		20200616

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Beck Philip D
		CENTRAL INDEX KEY:			0001562101

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-54545
		FILM NUMBER:		20966338

	MAIL ADDRESS:	
		STREET 1:		C/O PLANET PAYMENT, INC.
		STREET 2:		670 LONG BEACH BOULEVARD
		CITY:			LONG BEACH
		STATE:			NY
		ZIP:			11561

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ipsidy Inc.
		CENTRAL INDEX KEY:			0001534154
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		670 LONG BEACH BLVD.
		CITY:			LONG BEACH
		STATE:			NY
		ZIP:			11561
		BUSINESS PHONE:		516-274-8700

	MAIL ADDRESS:	
		STREET 1:		670 LONG BEACH BLVD.
		CITY:			LONG BEACH
		STATE:			NY
		ZIP:			11561

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ID Global Solutions Corp
		DATE OF NAME CHANGE:	20141014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IIM Global Corp
		DATE OF NAME CHANGE:	20130107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Silverwood Acquisition Corp
		DATE OF NAME CHANGE:	20111102
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2020-06-11</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001534154</issuerCik>
        <issuerName>Ipsidy Inc.</issuerName>
        <issuerTradingSymbol>IDTY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001562101</rptOwnerCik>
            <rptOwnerName>Beck Philip D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O IPSIDY INC.</rptOwnerStreet1>
            <rptOwnerStreet2>670 LONG BEACH BLVD.</rptOwnerStreet2>
            <rptOwnerCity>LONG BEACH</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>11561</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $.0001 par value</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1125000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $.0001 par value</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>16000000</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Options</value>
                <footnoteId id="F3"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.05</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2020-06-11</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>3000000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.05</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2016-08-10</value>
            </exerciseDate>
            <expirationDate>
                <value>2026-08-10</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.0001 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3000000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>17000000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeHolding>
            <securityTitle>
                <value>15% Convertible Note</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.20</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2020-02-14</value>
            </exerciseDate>
            <expirationDate>
                <value>2022-02-28</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.0001 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>375000</value>
                    <footnoteId id="F4"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>375000</value>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>8% Convertible Note</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.08</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2019-12-13</value>
            </exerciseDate>
            <expirationDate>
                <value>2022-02-28</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.0001 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>312500</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>312500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.10</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2017-01-31</value>
            </exerciseDate>
            <expirationDate>
                <value>2027-01-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.0001 par value per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>15000000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>15000000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Shares held by an individual retirement account.</footnote>
        <footnote id="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 &quot;Company&quot;) 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.</footnote>
        <footnote id="F3">On June 11, 2020, Parity Labs LLC, a private consulting firm which is principally owned by Mr. Beck, assigned a portion of its stock option to Graham Beck. Following the transaction, Parity Labs LLC continues to hold a stock option to acquire 17,000,000 shares of common stock at $0.05 per share.</footnote>
        <footnote id="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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Philip D. Beck</signatureName>
        <signatureDate>2020-06-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
