SEC Form 4 · accession 0001638599-18-001010
Rimini Street, Inc. · RMNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Maddock
Officer — SVP, Global Sales - Recurring
Period of report
Aug 24, 2018
Accepted (ET)
Aug 28, 2018 · 9:34 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 | Aug 24, 2018 | M | 20,000 | $0.87 | A | 20,100 | D | |
| Common StockF2 | Aug 24, 2018 | S | 20,000 | $5.0078 | D | 100 | D | |
| Common Stock | Aug 27, 2018 | M | 26,948 | $0.87 | A | 27,048 | D | |
| Common StockF3 | Aug 27, 2018 | S | 26,948 | $5.0993 | 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) - NQF1 | $0.87 | Aug 24, 2018 | M | 20,000 | D | — | Dec 31, 2018 | Common Stock | 20,000 | 261,331 | D |
| Employee Stock Option (Right to Buy) - ISOF1 | $0.87 | Aug 27, 2018 | M | 26,948 | D | — | Dec 31, 2018 | Common Stock | 26,948 | 318,358 | D |
Explanation of responses
- F1The shares subject to the option are fully-vested and exercisable.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.0024 to $5.0124, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.081 to $5.128, 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.