SEC Form 4 · accession 0001179110-16-025309
Planet Payment Inc · PLPM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Kaiden
Director
Period of report
May 20, 2016
Accepted (ET)
May 23, 2016 · 4:03 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 | May 20, 2016 | S | 15,880 | $4.506 | D | 105,010 | D | |
| Common StockF2 | holding | — | — | — | 42,550 | I | Kaiden Investment Group |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $4.50 to $4.54. The Reporting Person has provided the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- F2Jonathan Kaiden is the Managing Member of Kaiden Investment Group ("KIG"). As such, Mr. Kaiden may be deemed to beneficially own the shares of Common Stock owned by KIG. Mr. Kaiden disclaims beneficial ownership of the shares of Common Stock beneficially owned by KIG except to the extent of his pecuniary interest therein.