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Planet Payment Inc 4

Accession 0001140361-14-012454

CIK 0001362925operating

View on SEC.gov Company Profile

Filed

Mar 11, 8:00 PM ET

Accepted

Mar 12, 6:57 PM ET

Size

30.7 KB

Accession

0001140361-14-012454

Insider Transaction Report

Form 4

Period: 2014-03-10

Planet Payment IncPLPM

DirectorCEO, President and Chairman

Transactions

Exercise/Conversion
Common Stock
2014-03-11$2.50/sh+69,063$172,658→ 2,271,685 total
Exercise/Conversion
Common Stock
2014-03-11$1.70/sh+75,000$127,500→ 2,414,784 total
Exercise/Conversion
Stock Option (Right to Buy)
2014-03-11−69,063→ 69,063 total
Exercise: $2.50From: 2008-01-01Exp: 2014-12-31→ Common Stock (69,063 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2014-03-11−68,099→ 0 total
Exercise: $1.20From: 2011-11-01Exp: 2018-12-09→ Common Stock (68,099 underlying)
Exercise/Conversion
Common Stock
2014-03-11$1.20/sh+68,099$81,719→ 2,339,784 total
Exercise/Conversion
Stock Option (Right to Buy)
2014-03-11−75,000→ 0 total
Exercise: $1.70From: 2013-01-01Exp: 2019-12-31→ Common Stock (75,000 underlying)
Award
Common Stock
2014-03-10$0.01/sh+150,000$1,500→ 2,202,622 total
Sale
Common Stock
2014-03-11$3.30/sh−463,162$1,528,435→ 1,951,622 total

Holdings

Common Stock
(indirect: By daughter)
44,700
Common Stock
(indirect: By 401(k))
21,000
Common Stock
(indirect: By IRA)
9,700
Common Stock
(indirect: By son)
45,100
Common Stock
(indirect: By Reporting Person as custodian for his son)
46,500
Common Stock
(indirect: By Spouse)
5,000
Common Stock
(indirect: By LLC)
22,000

Footnotes (3)

[F1]This is a restricted stock grant under the Issuer's 2012 Equity Incentive Plan, and will be 100% vested when the market price of the Issuer's common stock on or before May 31, 2015 is at least $6.00 per share for 30 consecutive trading days, provided that the Reporting Person is still serving as Chairman of the Issuer's board of directors as of such date. Vesting on the shares will be 100% accelerated upon certain events occurring on or before May 31, 2015.
[F2]The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report will not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
[F3]The Reporting Person holds a 1/3 membership interest in BDP Realty Associates, LLC.

Documents

2 files

Issuer

Planet Payment Inc

CIK 0001362925

Entity typeoperating

IncorporatedDE

Related Parties

1

filerCIK 0001362925

Filing Metadata

Form type: 4
Filed: Mar 11, 8:00 PM ET
Accepted: Mar 12, 6:57 PM ET
Size: 30.7 KB

View on SEC.gov