Kim Shane H. 4
4 · Planet Payment Inc · Filed Dec 21, 2017
Insider Transaction Report
Form 4
Kim Shane H.
DirectorOther
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2017-12-20−24,000→ 0 totalExercise: $2.19Exp: 2021-07-21→ Common Stock (24,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-12-20−50,000→ 0 totalExercise: $2.02Exp: 2021-04-27→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-12-20−40,000→ 0 totalExercise: $3.27Exp: 2022-05-24→ Common Stock (40,000 underlying)
Footnotes (1)
- [F1]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) (the amount by which the Merger Consideration exceeds the per share exercise price of such Company Common Stock Option.