Model N Inc's Chairman & CEO just picked up 24,002 shares


Zack Rinat, Model N Inc's Chairman & CEO and a director of the company, recently acquired 24,002 shares of the company. The buys took place at $8.99 per share, on December 11, 2013. Rinat now owns 1,886,778 shares of the company. Rinat operates out of Redwood City, CA. Some additional info was provided as follows:

Represents a weighted average purchase price per share. These shares were purchased in multiple transactions at prices ranging from $8.85 to $9.00. The reporting person undertakes to provide to the Issuer, the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range. Mr. Rinat is the sole director and the Chief Executi ve Officer of GADD, Inc. ("GADD"). Mr. Rinat and Orli Rinat are trustees of the Rinat Family 2006 Trust Dated December 13, 2006 (the "Trust"). The Trust is the sole shareholder of GADD. Accordingly, Mr. Rinat may be deemed the beneficial owner of all shares held by the Trust and GADD.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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