Covington JoAnn 4

4 · ArcLight Clean Transition Corp. · Filed Jun 16, 2021

Form 4

Period: 2021-06-14

Chief Legal Officer, Secy

Transactions

Award
Stock Option (Right to Buy)
2021-06-14+44,625→ 44,625 total
Exercise: $5.41Exp: 2028-12-28→ Common Stock (44,625 underlying)
Award
Stock Option (Right to Buy)
2021-06-14+26,775→ 26,775 total
Exercise: $4.78Exp: 2030-12-20→ Common Stock (26,775 underlying)
Award
Stock Option (Right to Buy)
2021-06-14+446,249→ 446,249 total
Exercise: $2.18Exp: 2027-05-29→ Common Stock (446,249 underlying)
Award
Stock Option (Right to Buy)
2021-06-14+66,937→ 66,937 total
Exercise: $5.41Exp: 2028-11-15→ Common Stock (66,937 underlying)
Award
Stock Option (Right to Buy)
2021-06-14+22,312→ 22,312 total
Exercise: $6.00Exp: 2029-12-12→ Common Stock (22,312 underlying)
Award
Stock Option (Right to Buy)
2021-06-14+178,499→ 178,499 total
Exercise: $4.62Exp: 2030-08-19→ Common Stock (178,499 underlying)
Award
Stock Option (Right to Buy)
2021-06-14+22,312→ 22,312 total
Exercise: $6.00Exp: 2029-11-19→ Common Stock (22,312 underlying)
Award
Stock Option (Right to Buy)
2021-06-14+66,937→ 66,937 total
Exercise: $4.62Exp: 2030-08-19→ Common Stock (66,937 underlying)

Footnotes (3)

[F1]This option is fully vested.
[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 Issuers 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]6.25% of the total shares underlying the option vest quarterly installments until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Documents

1 file