Johnson Derek Colby 4
4 · Decarbonization Plus Acquisition Corp III · Filed Dec 8, 2021
Insider Transaction Report
Form 4
Johnson Derek Colby
Chief Operating Officer
Transactions
- Award
Stock Option (Right to Buy)
2021-12-08−954,594→ 954,594 totalExercise: $0.17Exp: 2030-01-30→ Common Stock (954,594 underlying) - Award
Stock Option (Right to Buy)
2021-12-08−954,593→ 1,909,187 totalExercise: $5.02Exp: 2031-08-03→ Common Stock (954,593 underlying)
Footnotes (3)
- [F1]25% of the total number of shares issuable upon exercise of the option vested on January 27, 2021, and 1/36 of the remaining shares issuable upon exercise of the option vested or will vest, as applicable, monthly thereafter.
- [F2]On December 8, 2021, the Issuer completed the merger (the "Merger") pursuant to the as amended Business Combination Agreement and Plan of Reorganization, by and among the Issuer, a wholly owned subsidiary of the Issuer, and Solid Power, Inc. ("Solid Power"). At the effective time of the Merger (the "Effective Time"), each Solid Power option was converted into an option to purchase a number of shares of Common Stock of the Issuer, equal to the product (rounded down to the nearest whole number) of (x) the number of shares of Solid Power Common Stock subject to such Solid Power Option immediately prior to the Effective Time and (y) an exchange ratio calculated at closing (the "Exchange Ratio"), at an exercise price per share (rounded up to the nearest whole cent) equal to (A) the exercise price per share of such Solid Power Option immediately prior to the Effective Time divided by (B) the Exchange Ratio.
- [F3]25% of the total number of shares issuable upon exercise of the option will vest on August 3, 2022, and 1/36 of the remaining shares issuable upon exercise of the option vested or will vest, as applicable, monthly thereafter.