Arrott Zane W. 4
4 · Switchback Energy Acquisition Corp · Filed Jul 30, 2019
Insider Transaction Report
Form 4
Arrott Zane W.
Director
Transactions
- Purchase
Warrants
2019-07-30$10.00/sh+8,000$80,000→ 8,000 total→ Class A Common Stock (8,000 underlying) - Purchase
Class A Common Stock
2019-07-30$10.00/sh+24,000$240,000→ 24,000 total
Footnotes (2)
- [F1]Includes securities underlying 24,000 units of the Issuer purchased for $10.00 per unit. Each unit consists of one share of the Issuer's Class A common stock and one-third of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Issuer's Class A common stock at an exercise price of $11.50 per share. The warrants will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination and 12 months from the closing of the Issuer's initial public offering. The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.
- [F2]The Reporting Person purchased the securities directly from the underwriters in connection with the Issuer's initial public offering.