SEC Form 4 · accession 0001638599-18-001302
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
Nov 30, 2018
Accepted (ET)
Dec 3, 2018 · 7:03 pm EST
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 | Nov 30, 2018 | M | 14,493 | $0.87 | A | 67,226 | D | |
| Common StockF3 | Nov 30, 2018 | S | 14,493 | $5.18 | D | 52,733 | D | |
| Common Stock | Nov 30, 2018 | M | 101,132 | $1.19 | A | 153,865 | 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 | Nov 30, 2018 | M | 14,493 | D | — | Dec 31, 2018 | Common Stock | 14,493 | 0 | D |
| Employee Stock Option (Right to Buy) - ISOF1 | $1.19 | Nov 30, 2018 | M | 101,132 | D | — | May 7, 2022 | Common Stock | 101,132 | 149,000 | D |
Explanation of responses
- F1The shares subject to the option are fully-vested and exercisable.
- F2The 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.06 to $5.35, 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.