SEC Form 4 · accession 0001179110-17-008441
Planet Payment Inc · PLPM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Kaiden
Director
Period of report
May 31, 2017
Accepted (ET)
Jun 2, 2017 · 4:18 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 Stock | May 31, 2017 | M | 25,000 | $3.07 | A | 133,610 | D | |
| Common StockF1 | May 31, 2017 | F | 22,246 | $3.45 | D | 111,364 | D | |
| Common StockF2 | holding | — | — | — | 42,550 | I | See Footnote |
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)F3 | $3.07 | May 31, 2017 | M | 25,000 | D | — | Sep 25, 2017 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Reflects 22,246 shares withheld by the Issuer at the market price of $3.45 per share less an exercise price of $3.07 per share to fund the cashless exercise of 25,000 options.
- 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.
- F3This is a stock option grant under the Issuer's 2006 Equity Incentive Plan. Vesting at the rate of 1/12th of the total number of shares each month from the vesting commencement date, this grant is fully vested and exercisable as of the date of this filing. None of these shares has been exercised by the Reporting Person to date.