4//SEC Filing
D'Aponte Ray 4
Accession 0001144204-17-064862
CIK 0001362925other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 6:30 PM ET
Size
17.4 KB
Accession
0001144204-17-064862
Insider Transaction Report
Form 4
D'Aponte Ray
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2017-12-20−16,000→ 0 totalExercise: $2.80Exp: 2023-04-17→ Common Stock (16,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-12-20−100,000→ 0 totalExercise: $2.62Exp: 2026-03-01→ Common Stock (100,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-12-20−150,000→ 0 totalExercise: $2.59Exp: 2025-08-03→ Common Stock (150,000 underlying) - Disposition to Issuer
Common Stock
2017-12-20$4.50/sh−81,568$367,056→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-12-20−95,000→ 0 totalExercise: $2.15Exp: 2021-04-25→ Common Stock (95,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-12-20−24,000→ 0 totalExercise: $2.56Exp: 2022-03-08→ Common Stock (24,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger by and among Planet Payment, Inc., Fintrax UK Bidco Limited and Fintrax US Acquisition Subsidiary, Inc., dated June October 26, 2017 (the "Merger Agreement"), at the effective time of the merger contemplated therein (the "Effective Time"), all issued and outstanding shares of the Issuer's common stock were automatically cancelled and converted into the right to receive $4.50 per share in cash without interest (the "Merger Consideration").
- [F2]Pursuant to the terms of the Merger Agreement, at the Effective Time, each share of Company Restricted Stock Award, whether vested or unvested, that is outstanding immediately prior thereto became fully vested and all restrictions and repurchase rights thereon lapsed and all such shares of Company Restricted Stock Awards were converted automatically into the right to receive at the Effective Time an amount in cash (without interest thereon) equal to the product of (i) the total number of shares subject to Company Restricted Stock Awards (with the number of shares subject to Company Restricted Stock Awards subject to one or more performance conditions deemed to be equal to target levels) and (ii) the Merger Consideration.
- [F3]Pursuant to the terms of the Merger Agreement, immediately prior to, and contingent upon the consummation of, the Closing, each Company Common Stock Option, to the extent then-unvested, automatically vested and became exercise able and, at the Effective Time, each Company Common Stock Option was cancelled for the right to receive an amount (subject to any applicable withholding tax) in cash (without interest thereon) equal to the product obtained by multiplying (A) the number of shares of Company Common Stock subject to such Company Common Stock Option immediately prior to the Effective Time and (B) (he amount by which the Merger Consideration exceeds the per share exercise price of such Company Common Stock Option.
Documents
Issuer
Planet Payment Inc
CIK 0001362925
Entity typeother
Related Parties
1- filerCIK 0001650736
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 6:30 PM ET
- Size
- 17.4 KB