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4//SEC Filing

Smith Michael David 4

Accession 0001209191-21-041198

CIK 0001820630other
View on SEC.govCompany Profile

Filed

Jun 15, 8:00 PM ET

Accepted

Jun 16, 8:50 PM ET

Size

10.9 KB

Accession

0001209191-21-041198

Insider Transaction Report

Form 4
Period: 2021-06-14
ArcLight Clean Transition Corp.PTRA
Smith Michael David
Director
Transactions
  • Award

    Stock Option (Right to Buy)

    2021-06-14+200,812→ 200,812 total
    Exercise: $4.98Exp: 2028-09-25→ Common Stock (200,812 underlying)
  • Award

    Stock Option (Right to Buy)

    2021-06-14+20,081→ 20,081 total
    Exercise: $4.78Exp: 2030-12-20→ Common Stock (20,081 underlying)
  • Award

    Stock Option (Right to Buy)

    2021-06-14+44,625→ 44,625 total
    Exercise: $6.00Exp: 2029-12-22→ Common Stock (44,625 underlying)
Footnotes (4)
  • [F1]1/48 of the total shares underlying the option vest monthly beginning on October 26, 2018 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
  • [F2]Pursuant to the business combination of ArcLight Clean Transition Corp. and Proterra Inc ("Old Proterra"), each share of Old Proterra outstanding common stock was automatically converted into the right to 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 awards.
  • [F3]1/48 of the total shares underlying the option vest monthly beginning on January 23, 2020 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
  • [F4]1/48 of the total shares underlying the option vest monthly beginning on January 21, 2021 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Documents

1 file

Issuer

ArcLight Clean Transition Corp.

CIK 0001820630

→
Entity typeother

Related Parties

1
  • filerCIK 0001867598

Filing Metadata

Form type
4
Filed
Jun 15, 8:00 PM ET
Accepted
Jun 16, 8:50 PM ET
Size
10.9 KB
View on SEC.gov