SEC Form 4 · accession 0001140361-15-030209
Planet Payment Inc · PLPM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Cox III
Officer — SVP, CFO, Treasurer and COO
Period of report
Aug 4, 2015
Accepted (ET)
Aug 6, 2015 · 5:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001362925
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 4, 2015 | A | 200,000 | $0.01 | A | 554,308 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2,F3 | $2.59 | Aug 4, 2015 | A | 500,000 | A | — | Aug 3, 2025 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1This is a restricted stock grant under the Issuer's 2012 Equity Incentive Plan (the "Plan"), pursuant to which 50,000 shares of common stock vest in three (3) equal annual installments on each of May 1, 2016, May 1, 2017 and May 1, 2018, subject to a certain minimum price condition with respect to the market price of the common stock and acceleration upon a change in control; and the remaining 150,000 shares of common stock become fully vested upon the achievement of a certain minimum price condition with respect to the market price of the common stock or minimum EBITDA.
- F2Represents the closing price of the Issuer's common stock on August 4, 2015.
- F3This is a stock option grant under the Plan and will be vested and exercisable at the rate of one-third (1/3rd) of the total number of shares annually on May 1, 2016, May 1, 2017 and May 1, 2018, subject to certain conditions as set forth in the Plan.