4//SEC Filing
Griffin Kevin 4
Accession 0000899243-21-009106
CIK 0001772720other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 7:25 PM ET
Size
10.2 KB
Accession
0000899243-21-009106
Insider Transaction Report
Form 4
Griffin Kevin
Director
Transactions
- Award
Stock Option (right to buy)
2021-02-26+3,567→ 3,567 totalExercise: $14.17Exp: 2031-02-26→ Common Stock (3,567 underlying) - Award
Common Stock
2021-02-26+2,205→ 2,205 total
Holdings
- 5,500,000(indirect: By LLC)
Common Stock
- 630,000(indirect: By MGG Investment Group, LP)
Common Stock
Footnotes (4)
- [F1]The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the vesting date, the restricted stock units shall become fully vested on the first anniversary of December 21, 2020.
- [F2]Includes 5,500,000 shares ("Sponsor Shares") owned directly by Pivotal Investment Holdings II LLC, a Delaware limited liability company and the sponsor of the issuer (the "Sponsor"), of which Pivotal Spac Funding II LLC ("Spac Funding II"), of which Mr. Griffin (a director of the issuer) is the Chief Executive Officer and Chief Investment Officer, is a managing member. Notwithstanding their dispositive and voting control over such Sponsor Shares, each of Mr. Griffin and Spac Funding II disclaim beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein.
- [F3]Includes 630,000 shares of the issuer's common stock ("MGG Shares") in the aggregate owned directly by certain affiliates of MGG Investment Group, LP, a Delaware limited partnership ("MGG"), an affiliate of Spac Funding II, of which Mr. Griffin (a director of the issuer) is the Chief Executive Officer and Chief Investment Officer. Notwithstanding their dispositive and voting control over such MGG Shares, each of Mr. Griffin and Spac Funding II disclaim beneficial ownership of the securities held by MGG, except to the extent of his or its pecuniary interest therein.
- [F4]The shares underlying this option shall become fully vested on the first anniversary of December 21, 2020, subject to the reporting person's continued service through the vesting date.
Documents
Issuer
XL Fleet Corp.
CIK 0001772720
Entity typeother
Related Parties
1- filerCIK 0001766124
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 7:25 PM ET
- Size
- 10.2 KB