4//SEC Filing
Jellen Joseph Michael 4
Accession 0001104659-21-034654
CIK 0001745317other
Filed
Mar 9, 7:00 PM ET
Accepted
Mar 10, 9:35 PM ET
Size
10.5 KB
Accession
0001104659-21-034654
Insider Transaction Report
Form 4
Jellen Joseph Michael
Chief Commercial Officer
Transactions
- Exercise/Conversion
Common Stock
2021-03-08+32,132→ 3,774,008 total - Exercise/Conversion
Restricted Stock Unit
2021-03-08−32,132→ 41,313 total→ Common Stock (73,445 underlying) - Award
Restricted Stock Unit
2021-03-08+62,790→ 62,790 totalExercise: $0.00→ Common Stock (62,790 underlying)
Footnotes (3)
- [F1]The Reporting Person received restricted Stock Units ("RSUs") represent a contingent right to receive one share of Common Stock for each RSU. The shares were issued pursuant to vested RSUs released on March 8, 2021.
- [F2]The Reporting Person received RSUs in connection with that certain Agreement and Plan of Merger, dated as of July 2, 2020, and amended on August 20, 2020, by and among Graf Industrial Corp., a Delaware corporation now known as Velodyne Lidar, Inc. 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 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 February 22, 2019 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]The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSU shall vest with respect to 25% of the RSUs on each company quarterly vesting dates after February 28, 2021, provided the Reporting Person remains in continuous service on each vesting date. Quarterly vesting dates are February 28, May 28, August 28 and November 28.
Documents
Issuer
Velodyne Lidar, Inc.
CIK 0001745317
Entity typeother
Related Parties
1- filerCIK 0001825601
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 7:00 PM ET
- Accepted
- Mar 10, 9:35 PM ET
- Size
- 10.5 KB