Planet Payment Inc 4
4 · Planet Payment Inc · Filed Jun 2, 2017
Insider Transaction Report
Form 4
Kaiden Jonathan
Director
Transactions
- Tax Payment
Common Stock
2017-05-31$3.45/sh−22,246$76,749→ 111,364 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2017-05-31−25,000→ 0 totalExercise: $3.07Exp: 2017-09-25→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2017-05-31$3.07/sh+25,000$76,750→ 133,610 total
Holdings
- 42,550(indirect: See Footnote)
Common Stock
Footnotes (3)
- [F1]Reflects 22,246 shares withheld by the Issuer at the market price of $3.45 per share less an exercise price of $3.07 per share to fund the cashless exercise of 25,000 options.
- [F2]Jonathan Kaiden is the Managing Member of Kaiden Investment Group ("KIG"). As such, Mr. Kaiden may be deemed to beneficially own the shares of Common Stock owned by KIG. Mr. Kaiden disclaims beneficial ownership of the shares of Common Stock beneficially owned by KIG except to the extent of his pecuniary interest therein.
- [F3]This is a stock option grant under the Issuer's 2006 Equity Incentive Plan. Vesting at the rate of 1/12th of the total number of shares each month from the vesting commencement date, this grant is fully vested and exercisable as of the date of this filing. None of these shares has been exercised by the Reporting Person to date.