SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Broenniman Philip R (Last) (First) (Middle) C/O IPSIDY INC., 670 LONG BEACH BLVD. (Street) LONG BEACH NY 11561 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Ipsidy Inc. [ IDTY ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) President/COO
	3. Date of Earliest Transaction (Month/Day/Year) 06/30/2020
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.0001 par value								5,182,412(1)	D
Common Stock, $.0001 par value	06/30/2020		P		714,285	A	$0.07	9,153,969	I	See footnote(2)(4)
Common Stock, $.0001 par value	06/30/2020		X		3,716,667	A	$0.07	8,439,684	I	See footnote(2)(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	$0.15	06/30/2020		P		929,167		06/30/2020	06/30/2022	Common Stock, $0.0001 par value per share	929,167	$0.07	929,167	I	See Footnotes(4)
Warrants	$0.07	06/30/2020		X		3,716,667		09/30/2015	09/30/2020	Common Stock, $0.0001 par value per share	3,716,667	$0.07	0	I	See Footnotes(2)(4)
Warrants	$0.07	06/30/2020		P		3,716,667		09/30/2015	09/30/2020	Common Stock, $0.0001 par value per share	3,716,667	$0.07	3,716,667	I	See Footnotes(2)(4)
Stock Options(3)	$0.07							05/22/2020	05/22/2025	Common Stock, $0.0001 par value per share	16,666,666		16,666,666	D
Warrants	$0.165							08/15/2018	08/15/2023	Common Stock, $0.0001 par value per share	350,000		350,000	D
Warrants	$0.088							06/24/2019	06/23/2024	Common Stock, $0.0001 par value per share	262,500		262,500	D

Explanation of Responses:

1. Includes the right to acquire 1,500,000 shares of common stock at par value subject to the certain vesting criteria granted to Mr. Broenniman on March 6, 2020 pursuant to a Restricted Stock Purchase Agreement.

2. Mr. Broenniman is the Managing Partner of Varana Capital, LLC ("Varana Capital"), which, in turn, is the investment manager of and has dispositive control over the shares held by Varana Capital Focused, LP ("VCFLP"). By virtue of these relationships, in addition to the shares he holds personally, Mr. Broenniman may be deemed to beneficially own the shares held by Varana Capital Focused, LP.

3. On May 22, 2020, the Company granted Mr. Broenniman a Non-Statutory Option to acquire 16,666,666 shares of common stock at an exercise price of $0.07 per share with 3,333,333 shares vesting upon the grant of Non-Statutory Option, 5,333,333 shares vesting upon achieving certain performance conditions and 8,000,000 shares vesting upon achieving certain additional performance conditions.

4. On June 30, 2020, VCFLP acquired common stock purchase warrants to acquire 3,716,667 shares of common stock from a warrant holder and VCFLP subsequently exercised the common stock purchase warrant for cash. In consideration of exercising its common stock purchase warrant to acquire 3,716,667 shares of common stock, VCFLP was granted a common stock purchase warrant to acquire 929,167 shares of common stock at an exercise price of $0.15 per share. Also on June 30, 2020, VCFLP entered into a Securities Purchase Agreement and acquired 714,285 shares of common stock for cash.

	/s/ Philip R. Broenniman	07/02/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.