SEC Form 4 · accession 0001638599-19-000254
Rimini Street, Inc. · RMNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Salaets
Officer — SVPGlblSecurity&Compliance/CIO
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 8:25 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 | holding | — | — | — | 4,937 | 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 | $5.91 | Feb 13, 2019 | A | 50,000 | A | — | Feb 13, 2029 | Common Stock | 50,000 | 50,000 | D |
| Restricted Stock UnitF2,F3 | — | Feb 13, 2019 | A | 1,692 | A | — | — | Common Stock | 1,692 | 1,692 | D |
Explanation of responses
- F1The shares subject to the option will vest in three (3) equal annual installments on February 13, 2020, February 13, 2021 and February 13, 2022, subject to the Reporting Person's continued service to the Issuer through each such date.
- F2Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F3100% of the Restricted Stock Units awarded will vest on February 13, 2020, contingent upon the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date.