SEC Form 4 · accession 0001144204-17-064864
Planet Payment Inc · PLPM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shane H. Kim
Director
Period of report
Dec 20, 2017
Accepted (ET)
Dec 21, 2017 · 6:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001362925
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $2.19 | Dec 20, 2017 | D | 24,000 | D | — | Jul 21, 2021 | Common Stock | 24,000 | 0 | D |
| Stock Option (Right to Buy)F1 | $2.02 | Dec 20, 2017 | D | 50,000 | D | — | Apr 27, 2021 | Common Stock | 50,000 | 0 | D |
| Stock Option (Right to Buy)F1 | $3.27 | Dec 20, 2017 | D | 40,000 | D | — | May 24, 2022 | Common Stock | 40,000 | 0 | D |
Explanation of responses
- F1Pursuant to the terms of the Merger Agreement, immediately prior to, and contingent upon the consummation of, the Closing, each Company Common Stock Option, to the extent then-unvested, automatically vested and became exercise able and, at the Effective Time, each Company Common Stock Option was cancelled for the right to receive an amount (subject to any applicable withholding tax) in cash (without interest thereon) equal to the product obtained by multiplying (A) the number of shares of Company Common Stock subject to such Company Common Stock Option immediately prior to the Effective Time and (B) (the amount by which the Merger Consideration exceeds the per share exercise price of such Company Common Stock Option.