Seth A. Ravin - Dec 13, 2021 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
CEO & Chairman of the Board, Director
Signature
/s/ by Celeste R. Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Dec 13, 2021
Transactions value $
$0
Form type
4
Date filed
12/15/2021, 04:33 PM
Previous filing
Dec 6, 2021
Next filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RMNI Common Stock 69.5K Dec 13, 2021 Direct
holding RMNI Common Stock 11.4M Dec 13, 2021 Through the SAR Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RMNI Employee Stock Option (Right to Buy) Award $0 +50K $0.00 50K Dec 13, 2021 Common Stock 50K $5.71 Direct F1
transaction RMNI Restricted Stock Unit Award $0 +100K $0.00 100K Dec 13, 2021 Common Stock 100K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option award will vest in three (3) equal annual installments on December 13, 2022, December 13, 2023 and December 13, 2024, provided that the Reporting Person remains employed by the Issuer through the applicable vesting date.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3 The Restricted Stock Units will vest in three (3) equal annual installments on December 13, 2022, December 13, 2023 and December 13, 2024, provided that the Reporting Person remains employed by the Issuer through the applicable vesting date.