4//SEC Filing
Porter Brook F 4
Accession 0001209191-21-041195
CIK 0001820630other
Filed
Jun 15, 8:00 PM ET
Accepted
Jun 16, 8:44 PM ET
Size
15.3 KB
Accession
0001209191-21-041195
Insider Transaction Report
Form 4
Porter Brook F
Director
Transactions
- Award
Employee Stock Option (Right to Buy)
2021-06-14+200,812→ 200,812 totalExercise: $4.98Exp: 2028-09-25→ Common Stock (200,812 underlying) - Award
Employee Stock Option (Right to Buy)
2021-06-14+44,625→ 44,625 totalExercise: $6.00Exp: 2029-12-22→ Common Stock (44,625 underlying) - Award
Common Stock
2021-06-14+1,532,233→ 2,532,233 total(indirect: See Footnote) - Award
Common Stock
2021-06-14+1,000,000→ 1,000,000 total(indirect: See Footnote) - Award
Employee Stock Option (Right to Buy)
2021-06-14+20,081→ 20,081 totalExercise: $4.78Exp: 2030-12-20→ Common Stock (20,081 underlying)
Footnotes (6)
- [F1]In connection with the closing of the business combination (the "Business Combination") of ArcLight Clean Transition Corp. ("ArcLight") and Proterra Inc ("Old Proterra"), G2VP I, LLC acquired shares of the Issuer's common stock at a price of $10.00 per share on the terms and conditions set forth in a subscription agreement.
- [F2]G2VP I, LLC, for itself and as nominee for G2VP Founders Fund I, LLC, is the record holder of the securities reported herein. The Reporting Person, together with Ben Kortlang, David Mount and Daniel Oros, is a managing member of G2VP I Associates, LLC, which is the managing member of G2VP, and may be deemed to share voting and dispositive control over the shares held by G2VP. G2VP I Associates, LLC and each of its managing members disclaim beneficial ownership of these shares held by G2VP except to the extent of any pecuniary interest therein.
- [F3]Pursuant to the Business Combination, each share of Old Proterra outstanding common stock was automatically converted into the right to receive shares of the Issuer's Common Stock based on a 1 to 0.8925 conversion ratio ("Conversion Ratio"). In addition, each outstanding Old Proterra equity award was automatically converted into a corresponding equity award of the Issuer based on the Conversion Ratio and with the same terms and vesting conditions as the Old Proterra equity award.
- [F4]The stock option vests as of 1/48 of the total shares monthly beginning on October 25, 2018 until fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- [F5]The stock option vests as of 1/48 of the total shares monthly beginning on January 23, 2020 until fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- [F6]The stock option vests as of 1/48 of the total shares monthly beginning on January 21, 2021 until fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
Documents
Issuer
ArcLight Clean Transition Corp.
CIK 0001820630
Entity typeother
Related Parties
1- filerCIK 0001865696
Filing Metadata
- Form type
- 4
- Filed
- Jun 15, 8:00 PM ET
- Accepted
- Jun 16, 8:44 PM ET
- Size
- 15.3 KB