4//SEC Filing
Kelley William Jr. 4
Accession 0001104659-21-064174
CIK 0001802749other
Filed
May 9, 8:00 PM ET
Accepted
May 10, 9:47 PM ET
Size
10.9 KB
Accession
0001104659-21-064174
Insider Transaction Report
Form 4
Kelley William Jr.
Chief Tech. Off. and COO
Transactions
- Other
Options to receive Common Stock
2021-05-06+329,208→ 329,208 totalExercise: $0.05Exp: 2029-12-31→ Common Stock (329,208 underlying) - Other
Common Stock
2021-05-06+329,207→ 329,207 total - Other
Options to receive Common Stock
2021-05-06+141,089→ 141,089 totalExercise: $0.58Exp: 2030-08-24→ Common Stock (141,089 underlying)
Footnotes (3)
- [F1]Received 329,207 shares of New Lightning eMotors Common Stock issued in exchange for outstanding pre-merger Lightning Systems Common Stock, pursuant to the Business Combination Agreement, dated as of December 10, 2020 (the 'BCA"), by and among GigCapital3, Inc., Project Power Merger Sub, Inc., a direct, wholly-owned subsidiary of GigCapital3, Inc., and Lightning Systems, Inc. Lightning Systems, Inc. became a direct, wholly-owned subsidiary of GigCapital3, Inc., which subsequently changed its name to Lightning eMotors, Inc.
- [F2]In connection with the BCA, 141,089 shares of New Lightning eMotors Common Stock are issuable upon the exercise of New Lightning eMotors options issued in exchange of pre-merger Lightning Systems options at a price of $0.58 per share. 8,818 New Lightning eMotors options are exercisable, and the remaining options will vest in quarterly ratable installments over the four years following the date of grant which is August 24, 2020. The pre-merger Lightning Systems options were converted into New Lightning eMotors options to purchase 141,089 shares of New Lightning eMotors Common Stock at the exchange ratio of 0.940591804.
- [F3]In connection with the BCA, 329,208 shares of New Lightning eMotors Common Stock are issuable upon the exercise of New Lightning eMotors options issued in exchange of pre-merger Lightning Systems options at a price of $0.05 per share. 129,331 New Lightning eMotors options are exercisable, 94,059 New Lightning eMotors options will vest on January 7, 2022, and the remaining 35,272 New Lightning eMotors options will vest on each of October 1, 2021, 2022 and 2023. The pre-merger Lightning Systems options were converted into New Lightning eMotors options to purchase 329,208 shares of New Lightning eMotors Common Stock at the exchange ratio of 0.940591804.
Documents
Issuer
Lightning eMotors, Inc.
CIK 0001802749
Entity typeother
Related Parties
1- filerCIK 0001858609
Filing Metadata
- Form type
- 4
- Filed
- May 9, 8:00 PM ET
- Accepted
- May 10, 9:47 PM ET
- Size
- 10.9 KB