4//SEC Filing
Hynes Thomas J. III 4
Accession 0000899243-20-035030
CIK 0001772720other
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 5:56 PM ET
Size
10.2 KB
Accession
0000899243-20-035030
Insider Transaction Report
Form 4
Hynes Thomas J. III
DirectorPresident
Transactions
- Award
Common Stock
2020-12-21+6,181,461→ 6,181,461 total - Award
Stock Option (right to buy)
2020-12-21+595,111→ 595,111 totalExercise: $0.24Exp: 2028-05-24→ Common Stock (595,111 underlying) - Award
Stock Option (right to buy)
2020-12-21+595,111→ 595,111 totalExercise: $0.22From: 2020-12-21Exp: 2023-11-21→ Common Stock (595,111 underlying)
Footnotes (4)
- [F1]Mr. Hynes received 6,181,461 shares of XL Hybrids, Inc., a Delaware corporation ("Legacy XL"), in connection with the Agreement and Plan of Reorganization, dated as of September 17, 2020, by and among Pivotal Investment Corporation II ("Pivotal"), PIC II Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of Pivotal ("Merger Sub"), and Legacy XL, pursuant to which Merger Sub merged with and into Legacy XL (the "Merger"), with Legacy XL surviving as a wholly-owned subsidiary of Pivotal (which subsequently changed its name to "XL Fleet Corp.", the "Issuer").
- [F2]25% of the shares underlying this option vest 12 months from July 1, 2017 and of the 75% remaining, an additional 6.25% shall vest every three months thereafter, subject to Mr. Hynes' continued service through the applicable vesting date.
- [F3]Received in the Merger in exchange for a stock option to acquire 785,948 shares of Legacy XL common stock for $0.18 per share.
- [F4]Received in the Merger in exchange for a stock option to acquire 785,948 shares of Legacy XL common stock for $0.16 per share.
Documents
Issuer
XL Fleet Corp.
CIK 0001772720
Entity typeother
Related Parties
1- filerCIK 0001835030
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 5:56 PM ET
- Size
- 10.2 KB