4//SEC Filing
Fruchterman Todd 4
Accession 0001104659-21-024566
CIK 0001804176other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 9:07 PM ET
Size
8.4 KB
Accession
0001104659-21-024566
Insider Transaction Report
Form 4
Fruchterman Todd
DirectorPresident and CEO
Transactions
- Award
Stock Option (right to buy)
2021-02-12+1,557,450→ 1,557,450 totalExercise: $15.29Exp: 2031-01-23→ Class A Common Stock (1,557,450 underlying) - Award
Class A Common Stock
2021-02-12+1,038,300→ 1,038,300 total
Footnotes (4)
- [F1]Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of common stock upon vesting. The RSUs vest in 4 equal annual installments on the anniversary of the start of Dr. Fruchterman's employment by Butterfly (defined below), February 1, 2021, subject to his continued service through the applicable vesting date.
- [F2]In connection with the closing of the transactions contemplated by the Business Combination Agreement, dated as of November 19, 2020, by and among Longview Acquisition Corp. ("Longview"), Clay Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Longview ("Merger Sub"), and Butterfly Network, Inc., a Delaware corporation ("Butterfly"), pursuant to which Merger Sub merged with and into Butterfly (the "Merger"), with Butterfly surviving as a wholly-owned subsidiary of Longview (which changed its name to "Butterfly Network, Inc.", the "Issuer"), these RSUs were received in exchange for 1,000,000 RSUs of Butterfly.
- [F3]The shares underlying this option vest as to 25% on February 1, 2022, with the remainder vesting in 36 equal monthly installments thereafter, subject to Dr. Fruchterman's continued service through the applicable vesting date.
- [F4]Received in connection with the Merger in exchange for a stock option to acquire 1,500,000 shares of Butterfly common stock for $15.87 per share.
Documents
Issuer
Butterfly Network, Inc.
CIK 0001804176
Entity typeother
Related Parties
1- filerCIK 0001481217
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 9:07 PM ET
- Size
- 8.4 KB