SEC Form 4 · accession 0001638599-18-000866
Rimini Street, Inc. · RMNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sebastian Grady
Officer — President
Period of report
Jul 26, 2018
Accepted (ET)
Jul 30, 2018 · 9:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001635282
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 26, 2018 | M | 200 | $1.16 | A | 300 | D | |
| Common StockF3 | Jul 26, 2018 | S | 200 | $7.02 | D | 100 | D | |
| Common Stock | Jul 27, 2018 | M | 1 | $1.16 | A | 101 | D | |
| Common Stock | Jul 27, 2018 | S | 1 | $7.03 | D | 100 | 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 | $1.16 | Jul 26, 2018 | M | 200 | D | — | Jul 1, 2021 | Common Stock | 200 | 144,407 | D |
| Employee Stock Option (Right to Buy)F2 | $1.16 | Jul 27, 2018 | M | 1 | D | — | Jul 1, 2021 | Common Stock | 1 | 144,406 | D |
Explanation of responses
- F1The option exercises and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- F2The shares subject to the option are fully-vested and exercisable.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.00 to $7.03, inclusive. The Reporting Person undertakes to provide to Rimini Street, Inc., any security holder of Rimini Street, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote of this Form 4.