4/A//SEC Filing
Vella Michael 4/A
Accession 0001104659-20-139105
CIK 0001745317other
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 4:16 PM ET
Size
9.6 KB
Accession
0001104659-20-139105
Insider Transaction Report
Form 4/AAmended
Vella Michael
General Counsel
Transactions
- Award
Restricted Stock Unit
2020-09-29+1,558→ 1,558 totalExp: 2027-09-28→ Common Stock (1,558 underlying) - Award
Restricted Stock Unit
2020-09-29+102,823→ 102,823 totalExp: 2027-05-28→ Common Stock (102,823 underlying)
Footnotes (4)
- [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 was deemed satisfied by the Board of Directors of New Velodyne in October 2020 and the service-based requirement will be or, as applicable, was satisfied 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 May 13, 2020 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.
- [F3]Subject to the satisfaction of a service-based requirement, each RSU represents the right to receive one share of common stock. The service-based requirement will be satisfied with respect to 100% of the RSUs if the Reporting Person remains in continuous service through March 29, 2021.
- [F4]On October 1, 2020, the Reporting Person filed a Form 4 (the "Prior Report") that inadvertently included the incorrect total number of RSUs granted. The Reporting Person is filing this amended Form 4 to correct the number of RSUs subject to the previously reported grant(s) and to report a single additional RSU grant that was unintentionally omitted from the Prior Report.
Documents
Issuer
Velodyne Lidar, Inc.
CIK 0001745317
Entity typeother
Related Parties
1- filerCIK 0001825562
Filing Metadata
- Form type
- 4/A
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 4:16 PM ET
- Size
- 9.6 KB