Form 4 for RMNI Rimini Street, Inc.
Accepted 2022-06-02 00:00:00 ET · period of report 2022-05-31 · accession 0001635282-22-000115 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-06-02 | 2022-05-31 | RMNI | Murray Robin P. | Dir, 10% | M - OptEx | $0.00 | +27.6K | 121.6K | +29% | $0 |
| D | 2022-06-02 | 2022-06-01 | RMNI | Murray Robin P. | Dir, 10% | A - Grant | $0.00 | +27.5K | 27.5K | New | $0 |
| D | 2022-06-02 | 2022-05-31 | RMNI | Murray Robin P. | Dir, 10% | M - OptEx | $0.00 | -27.6K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-05-31 | M | A | 27,565 | $0.00 | 121,563 | D | — | — | (F10) The shares of common stock were issued to the Reporting Person, Robin Murray, a director of the Issuer who is a partner of Adams Street Partners, LLC. Adams Street Partners, LLC is the managing member of the general partner of AS 2007, AS 2008, and AS 2009, the managing member of the general partner of the general partner of each of AS 2013, AS 2014, AS 2015, AS 2016 and AS VGVI (collectively, the "Funds") and the manager of ASRA. By agreement with the Funds, Mr. Murray is deemed to hold the common stock for the benefit of the Funds. The common stock may be deemed to be indirectly beneficially owned by Adams Street Partners, LLC. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Fred Wang and the Reporting Person, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), disclaim beneficial ownership of the common stock except to the extent of their pecuniary interest therein. |
| 2 | Derivative | Restricted Stock Units | 2022-06-01 | A | A | 27,522 | $0.00 | 27,522 | D | — · — to — | 27,522 Common Stock | (F12) The Restricted Stock Units were issued to the Reporting Person, a director of the Issuer, who is a partner of Adams Street Partners, LLC. The Restricted Stock Units may be deemed to be indirectly beneficially owned by Adams Street Partners, LLC. By agreement with the Funds, the Reporting Person disclaims beneficial ownership of the Restricted Stock Units except to the extent of his pecuniary interest therein. (F11) Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F14) 100% of the Restricted Stock Units awarded will vest on the earlier to occur of (i) June 1, 2023 or (ii) the day before the date of the Issuer's 2023 Annual Meeting of Stockholders, contingent upon the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date. |
| 3 | Derivative | Restricted Stock Unit | 2022-05-31 | M | D | 27,565 | $0.00 | 0 | D | — · — to — | 27,565 Common Stock | (F12) The Restricted Stock Units were issued to the Reporting Person, a director of the Issuer, who is a partner of Adams Street Partners, LLC. The Restricted Stock Units may be deemed to be indirectly beneficially owned by Adams Street Partners, LLC. By agreement with the Funds, the Reporting Person disclaims beneficial ownership of the Restricted Stock Units except to the extent of his pecuniary interest therein. (F11) Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F13) On June 1, 2021, the Reporting Person was awarded 27,565 Restricted Stock Units, 100% of which vested on May 31, 2022, or the day before the date of the Issuer's 2022 Annual Meeting of Stockholders. |