Vector Acquisition Partners, L.P. 4
4 · Vector Acquisition Corp · Filed Oct 21, 2020
Insider Transaction Report
Form 4
Vector Acquisition Partners, L.P.
10% Owner
Transactions
- Other
Class B Ordinary Shares
2020-10-20−625,000→ 7,950,000 total→ Class A Ordinary Shares (625,000 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-248665) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001 per share (the "Class B ordinary shares"), will automatically convert into Class A ordinary shares, par value $0.0001 per share at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F2]This Form 4 reflects the cancellation by the issuer of 625,000 Class B ordinary shares, which were automatically surrendered to the issuer for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the election by the underwriters of the issuer's initial public offering to partially exercise their option to purchase additional units.
- [F3]This Form 4 is being filed by Vector Acquisition Partners, L.P. (the "Sponsor"). The Sponsor is controlled by Vector Capital Partners V, Ltd. (the "General Partner"), its general partner. Accordingly, all of the shares held by the Sponsor may be deemed to be beneficially held by the General Partner.