4//SEC Filing
Planet Payment Inc 4
Accession 0001140361-15-030209
CIK 0001362925operating
Filed
Aug 5, 8:00 PM ET
Accepted
Aug 6, 5:06 PM ET
Size
15.3 KB
Accession
0001140361-15-030209
Insider Transaction Report
Form 4
Cox Robert J III
SVP, CFO and Treasurer
Transactions
- Award
Stock Option (Right to Buy)
2015-08-04+500,000→ 500,000 totalExercise: $2.59Exp: 2025-08-03→ Common Stock (500,000 underlying) - Award
Common Stock
2015-08-04$0.01/sh+200,000$2,000→ 554,308 total
Footnotes (3)
- [F1]This is a restricted stock grant under the Issuer's 2012 Equity Incentive Plan (the "Plan"), pursuant to which 50,000 shares of common stock vest in three (3) equal annual installments on each of May 1, 2016, May 1, 2017 and May 1, 2018, subject to a certain minimum price condition with respect to the market price of the common stock and acceleration upon a change in control; and the remaining 150,000 shares of common stock become fully vested upon the achievement of a certain minimum price condition with respect to the market price of the common stock or minimum EBITDA.
- [F2]Represents the closing price of the Issuer's common stock on August 4, 2015.
- [F3]This is a stock option grant under the Plan and will be vested and exercisable at the rate of one-third (1/3rd) of the total number of shares annually on May 1, 2016, May 1, 2017 and May 1, 2018, subject to certain conditions as set forth in the Plan.
Documents
Issuer
Planet Payment Inc
CIK 0001362925
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001362925
Filing Metadata
- Form type
- 4
- Filed
- Aug 5, 8:00 PM ET
- Accepted
- Aug 6, 5:06 PM ET
- Size
- 15.3 KB