200 Park Avenue Partners, LLC 4
4 · BuzzFeed, Inc. · Filed Dec 7, 2021
Insider Transaction Report
Form 4
BuzzFeed, Inc.BZFD
Transactions
- Exercise/Conversion
Class A Common Stock
2021-12-03+6,195,040→ 6,852,540 total - Award
Class A Common Stock
2021-12-03$10.00/sh+100,000$1,000,000→ 6,952,540 total - Award
Private Placement Warrants (right to buy)
2021-12-03$30.00/sh+252,500$7,575,000→ 252,500 totalExercise: $11.50→ Class A Common Stock (252,500 underlying) - Exercise/Conversion
Class F Common Stock
2021-12-03−6,195,040→ 0 total→ Class A Common Stock (6,195,040 underlying)
Footnotes (3)
- [F1]On the transaction date (the "Completion Date"), pursuant to the issuer's Amended and Restated Certificate of Incorporation, as amended, each share of the issuer's Class F Common Stock automatically converted into one share of the issuer's Class A Common Stock upon completion of the business combination (the "Business Combination") entered into by and among: (i) the issuer; (ii) wholly-owned subsidiaries of the issuer; and (iii) the company formerly known as Buzzfeed, Inc.
- [F2]In connection with the consummation of the Business Combination, the issuer issued the securities described in this row to the reporting person, as its sponsor in the Business Combination, in satisfaction of a $1,000,000 working capital loan from the reporting person to the issuer.
- [F3]The private placement warrants were acquired from the issuer in connection with its initial public offering, the terms of which are described under the heading "Description of Securities" in the issuer's registration statement on Form S-1 (File No. 333-251650). Each private placement warrant is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share, subject to certain adjustments. The private placement warrants are reported as acquired for purposes of Section 16 of the Act concurrently with the completion of the Business Combination, because they did not become derivative securities until the Completion Date pursuant to their exercise terms.