WEILER CHRISTOPHER 4
4 · Pivotal Acquisition Corp · Filed Dec 23, 2019
Insider Transaction Report
Form 4
WEILER CHRISTOPHER
DirectorChief Executive Officer
Transactions
- Award
Contingent Shares
2019-12-19+133,713→ 133,713 total→ Common Stock (133,713 underlying) - Award
Common Stock
2019-12-19+2,115,090→ 2,115,090 total - Award
Stock Options
2019-12-19+121,110→ 121,110 totalExercise: $9.90Exp: 2029-12-19→ Common Stock (121,110 underlying)
Footnotes (3)
- [F1]Pursuant to the consummation of the business combination of Pivotal Acquisition Corp. ("Pivotal") and LD Topco, Inc. (the "Company"), each share of the Company common stock was automatically converted into the right to receive a pro rata portion of Pivotal's Class A common stock (the "Common Stock").
- [F2]Represents shares that may be issued to the Reporting Person if the closing sale price of Common Stock equals or exceeds $13.50 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations or other similar actions) for any consecutive 20 trading days during the five year period following the consummation of the business combination.
- [F3]The option vests and becomes exercisable in equal annual installments over a three year period commencing on December 19, 2020.