SEC Form 4 · accession 0001179110-15-015571
Planet Payment Inc · PLPM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Kaiden
Director
Period of report
Nov 30, 2015
Accepted (ET)
Dec 2, 2015 · 4:04 pm EST
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 Stock | Nov 30, 2015 | M | 50,000 | $2.50 | A | 219,270 | D | |
| Common StockF1 | Nov 30, 2015 | F | 43,860 | $2.85 | D | 175,410 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $2.50 | Nov 30, 2015 | M | 50,000 | D | Mar 13, 2009 | Jan 25, 2016 | Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1Reflects 43,860 shares withheld by the Issuer at the market price of $2.85 per share less an exercise price of $2.50 per share to fund the cashless exercise of 50,000 options.
- F2Stock options under the Issuer's 2006 Equity Incentive Plan. The option shares are fully vested.