OLKKOLA EDWARD E 4

4 · Hyliion Holdings Corp. · Filed Oct 5, 2020

Form 4

Period: 2020-10-01

Director

Transactions

Award
Common Stock
2020-10-01+821,610→ 821,610 total
Award
Common Stock
2020-10-01+166,560→ 166,560 total(indirect: By Spouse)
Award
Stock Option (Right to Buy)
2020-10-01+1,092,901→ 1,092,901 total
Exercise: $0.09Exp: 2026-08-28→ Common Stock (1,092,901 underlying)
Award
Stock Option (Right to Buy)
2020-10-01+655,741→ 655,741 total
Exercise: $0.12Exp: 2028-01-23→ Common Stock (655,741 underlying)

Footnotes (6)

[F1]Received pursuant to the Business Combination Agreement and Plan of Reorganization, dated as of June 18, 2020, by and among Tortoise Acquisition Corp. ("Tortoise"), Hyliion Inc. ("Legacy Hyliion") and SHLL Merger Sub Inc., a wholly-owned subsidiary of Tortoise ("Merger Sub"), pursuant to which Merger Sub merged with and into Legacy Hyliion, with Legacy Hyliion surviving the merger as a wholly-owned subsidiary of Tortoise (which subsequently changed its name to "Hyliion Holdings Corp.", the "Issuer").
[F2]Shares are held directly by Reporting Person's spouse.
[F3]Option vests in equal quarterly installments over 4 years from August 29, 2016. Subject to acceleration.
[F4]Received in exchange for an option to purchase 750,000 shares of Legacy Hyliion common stock.
[F5]Options vests as to 25% on January 15, 2019 and in equal quarterly installments thereafter over the following three years. Subject to acceleration.
[F6]Received in exchange for an option to purchase 450,000 shares of Legacy Hyliion common stock.

Documents

1 file