SEC Form 4 · accession 0001638599-18-001018
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 28, 2018
Accepted (ET)
Aug 30, 2018 · 7:41 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 28, 2018 | M | 15,000 | $0.87 | A | 15,100 | D | |
| Common StockF2 | Aug 28, 2018 | S | 15,000 | $5.05 | D | 100 | D | |
| Common Stock | Aug 29, 2018 | M | 10,000 | $0.87 | A | 10,100 | D | |
| Common StockF3 | Aug 29, 2018 | S | 10,000 | $5.02 | 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)F1 | $0.87 | Aug 28, 2018 | M | 15,000 | D | — | Dec 31, 2018 | Common Stock | 15,000 | 303,358 | D |
| Employee Stock Option (Right to Buy)F1 | $0.87 | Aug 29, 2018 | M | 10,000 | D | — | Dec 31, 2018 | Common Stock | 10,000 | 293,358 | 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 $5.04 to $5.07, 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 $5.00 to $5.06, 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.