SEC Form 4 · accession 0001179110-16-026943
Planet Payment Inc · PLPM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl J Williams
Officer — Chief Executive Officer · Director
Period of report
Jun 14, 2016
Accepted (ET)
Jun 27, 2016 · 4:05 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 | Jun 14, 2016 | A | 14,815 | $4.05 | A | 658,405 | D | |
| Common StockF2 | holding | — | — | — | 15,000 | I | By Baikal Group, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This is a restricted stock grant under the Issuer's 2012 Equity Incentive Plan, and will be 100% vested on June 14, 2017, subject to earlier acceleration in full upon a change in control, and provided that the Reporting Person is still providing services to the Issuer as of such date.
- F2The Reporting Person holds a 50% membership interest in Baikal Group, LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report will not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.