4//SEC Filing
Reeser Timothy Richard 4
Accession 0001104659-21-064175
CIK 0001802749other
Filed
May 9, 8:00 PM ET
Accepted
May 10, 9:48 PM ET
Size
13.0 KB
Accession
0001104659-21-064175
Insider Transaction Report
Form 4
Reeser Timothy Richard
DirectorChief Executive Officer
Transactions
- Other
Common Stock
2021-05-06+40,419→ 40,419 total - Other
Options to receive Common Stock
2021-05-06+846,532→ 846,532 totalExercise: $0.05Exp: 2029-12-31→ Common Stock (846,532 underlying) - Other
Common Stock
2021-05-06+896,976→ 896,976 total - Other
Options to receive Common Stock
2021-05-06+235,148→ 235,148 totalExercise: $0.58Exp: 2030-08-24→ Common Stock (235,148 underlying)
Footnotes (4)
- [F1]Received 857,824 shares of New Lightning eMotors Common Stock issued in exchange for outstanding pre-merger Lightning Systems Common Stock and 39,152 shares of New Lightning eMotors Common Stock issued in exchange for Lightning Systems Common Stock received upon the exercise of pre-merger warrants, assuming cashless exercise, 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, 39,192 shares of New Lightning eMotors Common Stock were issued in exchange for Lightning Systems Common Stock received upon the automatic conversion of pre-merger Lightning Systems preferred stock and 1,227 shares of New Lightning eMotors Common Stock issued in exchange for Lightning Systems Common Stock received upon the automatic conversion of pre-merger Lightning Systems preferred stock dividends.
- [F3]In connection with the BCA, 235,148 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. 14,696 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 235,148 shares of New Lightning eMotors Common Stock at the exchange ratio of 0.940591804.
- [F4]In connection with the BCA, 846,532 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. 282,177 New Lightning eMotors options are exercisable, and the remaining options will vest in three ratable installments on October 1, 2021, 2022 and 2023. The pre-merger Lightning Systems options were converted into New Lightning eMotors options to purchase 846,532 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 0001857500
Filing Metadata
- Form type
- 4
- Filed
- May 9, 8:00 PM ET
- Accepted
- May 10, 9:48 PM ET
- Size
- 13.0 KB