Jay G. Snyder - Mar 28, 2023 Form 4/A - Amendment Insider Report for Rimini Street, Inc. (RMNI)

Role
Director
Signature
/s/ By: Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Mar 28, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
3/30/2023, 04:49 PM
Date Of Original Report
Jun 2, 2022
Previous filing
Jun 3, 2022
Next filing
Jun 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RMNI Common Stock 74.6K Mar 28, 2023 Direct

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 Restricted Stock Unit Award $0 +45.9K $0.00 45.9K Mar 28, 2023 Common Stock 45.9K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F2 On June 2, 2022, the Reporting Person filed a Form 4 reporting an award of 27,522 Restricted Stock Units effective as of June 1, 2022. Due to Issuer administrative error, the award was not processed. In accordance with the Issuer's Non-Employee Director Compensation Policy, a copy of which is filed as Exhibit 10.9 to the Issuer's Annual Report on Form 10-K for the year ended December 31, 2022, the Reporting Person is entitled to receive an award of Restricted Stock Units (RSUs) with a grant date value of $180,000. This award was processed effective as of March 28, 2023, resulting in the issuance of 45,918 RSUs to the Reporting Person.
F3 100% of the Restricted Stock Units awarded will vest on the earlier to occur of (i) the one year anniversary of the grant date or (ii) the day prior to the Issuer's next Annual Meeting of Stockholders occurring after the grant date (currently, 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.