Moore Richard L 4
4 · Planet Fitness, Inc. · Filed Nov 3, 2017
Insider Transaction Report
Form 4
Moore Richard L
See Remarks
Transactions
- Conversion
Class A Common Stock
2017-11-01+1,640→ 1,640 total - Sale
Class A Common Stock
2017-11-01$27.00/sh−1,640$44,280→ 0 total - Conversion
Holding Units and Class B common stock
2017-11-01−1,640→ 742,071 total→ Class A common stock (1,640 underlying)
Footnotes (2)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan.
- [F2]Pursuant to the terms of the Exchange Agreement dated as of August 5, 2015, as amended, by and among the Company, Pla-Fit Holdings, LLC and the holders from time to time of Holding Units and shares of Class B common stock, such holders may exchange all or a portion of their vested Holding Units along with an equal number of their shares of Class B common stock for shares of Class A common stock of the Company on a one-to-one basis (one vested Holding Unit and one share of Class B common stock together exchangeable for one share of Class A common stock). The holders thereof are not required to pay an exercise price in connection with any such exchange. The Holding Units will expire on April 30, 2023 and are subject to vesting. The Class B common stock provides the holder with one vote on all matters submitted to a vote of the Company's stockholders but does not entitle the holder to any of the economic rights associated with shares of the Company's Class A common stock.