Lubitz Alan M 4
4 · Planet Payment Inc · Filed May 16, 2013
Insider Transaction Report
Form 4
Lubitz Alan M
Chief Technology Officer
Transactions
- Award
Common Stock
2013-05-16+15,000→ 63,000 total - Award
Common Stock
2013-05-16+13,000→ 76,000 total - Award
Stock Option (Right and Buy)
2013-05-16+17,000→ 17,000 totalExercise: $2.84Exp: 2023-05-15→ Common Stock (17,000 underlying)
Footnotes (3)
- [F1]Shares will vest, and the Issuer's right to repurchase the shares will lapse, (i) in three equal annual installments with a vesting commencement date of March 1, 2013 and (ii) upon satisfaction of performance conditions related to certain product milestones (provided that the executive officer remains in continuous service as an employee or consultant through such date).
- [F2]Shares will vest, and the Issuer's right to repurchase the shares will lapse, (i) in three equal annual installments with a vesting commencement date of March 1, 2013 and (ii) upon satisfaction of performance conditions related to certain gross profit margins (provided that the executive officer remains in continuous service as an employee or consultant through such date).
- [F3]The stock option grant will vest in three equal annual installments with a vesting commencement date of April 1, 2013 (provided that the executive officer remains in continuous service as an employee or consultant through such date).