Robin P. Murray - May 31, 2022 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
Director, 10%+ Owner
Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
May 31, 2022
Transactions value $
$0
Form type
4
Date filed
6/2/2022, 07:07 PM
Previous filing
Jun 4, 2021
Next filing
Mar 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +27.6K +29.33% $0.00 122K May 31, 2022 Direct F10
holding RMNI Common Stock 4.32M May 31, 2022 See Footnote F1
holding RMNI Common Stock 4.87M May 31, 2022 See Footnote F2
holding RMNI Common Stock 4.27M May 31, 2022 See Footnote F3
holding RMNI Common Stock 1.31M May 31, 2022 See Footnote F4
holding RMNI Common Stock 1.79M May 31, 2022 See Footnote F5
holding RMNI Common Stock 1.37M May 31, 2022 See Footnote F6
holding RMNI Common Stock 1.35M May 31, 2022 See Footnote F7
holding RMNI Common Stock 3.98M May 31, 2022 See Footnote F8
holding RMNI Common Stock 301K May 31, 2022 See Footnote F9

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 Options Exercise $0 -27.6K -100% $0.00* 0 May 31, 2022 Common Stock 27.6K Direct F11, F12, F13
transaction RMNI Restricted Stock Units Award $0 +27.5K $0.00 27.5K Jun 1, 2022 Common Stock 27.5K Direct F11, F12, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares held directly by Adams Street 2007 Direct Fund, L.P. ("AS 2007"). Adams Street Partners, LLC, as the managing member of the general partner of AS 2007, may be deemed to beneficially own the shares held by AS 2007. Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2007. Adams Street Partners, LLC and Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person disclaim beneficial ownership of the shares held by AS 2007 except to the extent of their pecuniary interest therein.
F2 Represents shares held directly by Adams Street 2008 Direct Fund, L.P. ("AS 2008"). Adams Street Partners, LLC, as the managing member of the general partner of AS 2008, may be deemed to beneficially own the shares held by AS 2008. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould III, Brian Dudley, Fred Wang, and the Reporting Person, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2008. Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould III, Brian Dudley, Fred Wang, and the Reporting Person disclaim beneficial ownership of the shares held by AS 2008 except to the extent of their pecuniary interest therein.
F3 Represents shares held directly by Adams Street 2009 Direct Fund, L.P. ("AS 2009"). Adams Street Partners, LLC, as the managing member of the general partner of AS 2009, may be deemed to beneficially own the shares held by AS 2009. Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2009. Adams Street Partners, LLC and Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person disclaim beneficial ownership of the shares held by AS 2009 except to the extent of their pecuniary interest therein.
F4 Represents shares held directly by Adams Street 2013 Direct Fund LP ("AS 2013"). Adams Street Partners, LLC, as the managing member of the general partner of the general partner of AS 2013, may be deemed to beneficially own the shares held by AS 2013. Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2013. Adams Street Partners, LLC and Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person disclaim beneficial ownership of the shares held by AS 2013 except to the extent of their pecuniary interest therein.
F5 Represents shares held directly by Adams Street 2014 Direct Fund LP ("AS 2014"). Adams Street Partners, LLC, as the managing member of the general partner of the general partner of AS 2014, may be deemed to beneficially own the shares held by AS 2014. Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2014. Adams Street Partners, LLC and Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person disclaim beneficial ownership of the shares held by AS 2014 except to the extent of their pecuniary interest therein.
F6 Represents shares held directly by Adams Street 2015 Direct Venture/Growth Fund LP ("AS 2015"). Adams Street Partners, LLC, as the managing member of the general partner of the general partner of AS 2015, may be deemed to beneficially own the shares held by AS 2015. Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2015. Adams Street Partners, LLC and Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person disclaim beneficial ownership of the shares held by AS 2015 except to the extent of their pecuniary interest therein.
F7 Represents shares held directly by Adams Street 2016 Direct Venture/Growth Fund LP ("AS 2016"). Adams Street Partners, LLC, as the managing member of the general partner of the general partner of AS 2016, may be deemed to beneficially own the shares held by AS 2016. Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2016. Adams Street Partners, LLC and Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person disclaim beneficial ownership of the shares held by AS 2016 except to the extent of their pecuniary interest therein.
F8 Represents shares held directly by Adams Street Venture/Growth Fund VI LP ("AS VGVI"). Adams Street Partners, LLC, as the managing member of the general partner of the general partner of AS VGVI, may be deemed to beneficially own the shares held by AS VGVI. Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS VGVI. Adams Street Partners, LLC Thomas Bremner, Jeffrey Diehl, Elisha P. Gould III, Fred Wang and the Reporting Person disclaim beneficial ownership of the shares held by AS VGVI except to the extent of their pecuniary interest therein.
F9 Represents shares held directly by Adams Street Rimini Aggregator LLC ("ASRA"). Adams Street Partners, LLC, as the manager of ASRA, may be deemed to beneficially own the shares held by ASRA. David Brett, Alex Kessel, Michael Taylor, Benjamin Wallwork, Andy Wang and Craig D. Waslin, each of whom is a partner or principal of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by ASRA. Adams Street Partners, LLC and David Brett, Alex Kessel, Michael Taylor, Benjamin Wallwork, Andy Wang and Craig D. Waslin disclaim beneficial ownership of the shares held by ASRA except to the extent of their pecuniary interest therein.
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.
F11 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
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.
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.
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.