4//SEC Filing
Vella Michael 4
Accession 0001104659-21-074476
CIK 0001745317other
Filed
May 27, 8:00 PM ET
Accepted
May 28, 9:15 PM ET
Size
18.1 KB
Accession
0001104659-21-074476
Insider Transaction Report
Form 4
Vella Michael
General Counsel
Transactions
- Exercise/Conversion
Common Stock
2021-05-26+29,742→ 29,742 total - Exercise/Conversion
Restricted Stock Unit
2021-05-26−1,558→ 0 total→ Common Stock (1,558 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-05-26−25,705→ 77,118 total→ Common Stock (102,823 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-05-26−2,479→ 37,195 total→ Common Stock (39,674 underlying)
Footnotes (5)
- [F1]The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The shares were issued pursuant to vested RSUs released on May 26, 2021.
- [F2]The Reporting Person received RSUs 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.
- [F3]The RSUs were received 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.
- [F4]The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are fully vested.
- [F5]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 6.25% of the RSUs on each company quarterly vesting dates after January 15, 2021, provided the Reporting Person remains in continuous service on each vesting date. Quarterly vesting dates are March 31, June 30, September 30 and December 31.
Issuer
Velodyne Lidar, Inc.
CIK 0001745317
Entity typeother
Related Parties
1- filerCIK 0001825562
Filing Metadata
- Form type
- 4
- Filed
- May 27, 8:00 PM ET
- Accepted
- May 28, 9:15 PM ET
- Size
- 18.1 KB