Filing Details

Accession Number:
0001638599-20-000459
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-05-11 19:10:49
Reporting Period:
2020-05-08
Accepted Time:
2020-05-11 19:10:49
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1635282 Rimini Street Inc. RMNI Services-Business Services, Nec (7389) 364880301
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1717500 W. David Rowe C/O 3993 Howard Hughes Parkway
Suite 500
Las Vegas NV 89169
Evp And Cmo No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-05-07 8,333 $0.00 84,275 No 4 M Direct
Common Stock Acquisiton 2020-05-08 8,301 $1.05 92,576 No 4 M Direct
Common Stock Disposition 2020-05-08 8,301 $4.50 84,275 No 4 S Direct
Common Stock Disposition 2020-05-11 2,857 $4.16 81,418 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Unit Disposition 2020-05-07 8,333 $0.00 8,333 $0.00
Common Stock Employee Stock Option (Right to Buy) Disposition 2020-05-08 8,301 $0.00 8,301 $1.05
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
16,667 No 4 M Direct
32,765 2020-05-31 No 4 M Direct
Footnotes
  1. The shares subject to the option are fully-vested and exercisable.
  2. The full exercise price is $1.049792 but due to space limitations could not be entered above.
  3. The option exercises and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.20 to $4.61, inclusive. The Reporting Person undertakes to provide to Rimini Street, Inc., any security holder of Rimini Street, Inc., or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote of this Form 4.
  5. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
  6. On May 7, 2019, the reporting person was granted 25,000 Restricted Stock Units, one-third of which vested on May 7, 2020. The remaining two-thirds vest ratably on May 7, 2021 and May 7, 2022, respectively, subject to the reporting person's continued service as an employee of the Issuer.