Hayes Christopher M. 4
4 · XL Fleet Corp. · Filed Dec 23, 2020
Insider Transaction Report
Form 4
Hayes Christopher M.
DirectorPresident & CEO
Transactions
- Award
Stock Option (right to buy)
2020-12-21+286,405→ 286,405 totalExercise: $0.27From: 2020-12-21Exp: 2030-02-06→ Common Stock (286,405 underlying) - Award
Stock Option (right to buy)
2020-12-21+95,468→ 95,468 totalExercise: $0.24From: 2020-12-21Exp: 2018-05-24→ Common Stock (95,468 underlying)
Footnotes (2)
- [F1]Received pursuant to 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 XL Hybrids, Inc., a Delaware corporation ("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"), in exchange for a stock option to acquire 126,083 shares of Legacy XL common stock for $0.18 per share.
- [F2]Received in the Merger in exchange for a stock option to acquire 378,248 shares of Legacy XL common stock for $0.20 per share.