4//SEC Filing
SAMARDZICH BARB J 4
Accession 0001104659-20-111282
CIK 0001745317other
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 9:13 PM ET
Size
6.7 KB
Accession
0001104659-20-111282
Insider Transaction Report
Form 4
SAMARDZICH BARB J
Director
Transactions
- Award
Restricted Stock Unit
2020-09-29+104,251→ 104,251 totalExp: 2024-03-22→ Common Stock (104,251 underlying)
Footnotes (2)
- [F1]In connection with the merger described in that certain Agreement and Plan of Merger, dated as of July 2, 2020 (the "Merger"), and amended on August 20, 2020, by and among Graf Industrial Corp., a Delaware corporation now known as Velodyne Lidar, Inc. ("New Velodyne"), VL Merger Sub Inc., a Delaware corporation, and Velodyne Lidar, Inc., a Delaware corporation now known as Velodyne Lidar USA, Inc., the Reporting Person received restricted stock units in New Velodyne (the "RSUs") in exchange for restricted stock units in Velodyne Lidar USA, Inc.
- [F2]The RSUs were received in exchange for 35,000 restricted stock units in Velodyne Lidar, Inc. in connection with the Merger. Subject to the satisfaction of both a liquidity event requirement and service-based requirement, each RSU represents the right to receive one share of common stock. The liquidity-event requirement is expected to be satisfied or deemed satisfied by the Board of Directors of New Velodyne in calendar year 2020 and the service-based requirement will be or, as applicable, was with respect to 25% of the RSUs when the Reporting Person remains or, as applicable, remained in continuous service through the one-year anniversary of October 1, 2016 and with respect to 6.25% of the RSUs when the Reporting Person completes or, as applicable, completed each three (3) months of continuous service thereafter.
Documents
Issuer
Velodyne Lidar, Inc.
CIK 0001745317
Entity typeother
Related Parties
1- filerCIK 0001183152
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 9:13 PM ET
- Size
- 6.7 KB