Robinson-Berry Joan 4
4 · ArcLight Clean Transition Corp. · Filed Jun 16, 2021
Insider Transaction Report
Form 4
Robinson-Berry Joan
Director
Transactions
- Award
Stock Option (Right to Buy)
2021-06-14+36,880→ 36,880 totalExercise: $10.01Exp: 2031-05-09→ Common Stock (36,880 underlying)
Footnotes (2)
- [F1]The stock option vests as of 1/48 of the total shares monthly beginning on May 13, 2021 until fully vested, subject to the Reporting Person's provision of 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.