4//SEC Filing
Pandey Amit 4
Accession 0001213900-20-044080
CIK 0001819615other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 4:22 PM ET
Size
12.0 KB
Accession
0001213900-20-044080
Insider Transaction Report
Form 4
Pandey Amit
Interim CFO
Transactions
- Award
Common shares
2020-12-18+39,285→ 39,285 total - Award
Common shares
2020-12-18+4,483→ 43,768 total - Award
Stock Option (right to buy)
2020-12-18+4,675→ 4,675 totalExercise: $10.00Exp: 2024-06-06→ Common shares (4,675 underlying) - Award
Stock Option (right to buy)
2020-12-18+1,186→ 1,186 totalExercise: $10.00Exp: 2025-04-17→ Common shares (1,186 underlying)
Footnotes (5)
- [F1]Received in exchange for Class A common shares of Clever Leaves International Inc. ("Clever Leaves") based on the exchange ratio of 0.3288 (the "Exchange Ratio") upon completion of the plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") as part the business combination (the "Business Combination") of Clever Leaves and Schultze Special Purpose Acquisition Corp. ("SAMA") pursuant to the Amended and Restated Business Combination Agreement, dated as of November 9, 2020 (the "Business Combination Agreement"), by and among, SAMA, Clever Leaves, Clever Leaves Holdings Inc. (the "Company") and Novel Merger Sub. Inc.
- [F2]As part of the Business Combination, each outstanding restricted share unit of Clever Leaves was automatically converted into a restricted share unit of the Company based on the Exchange Ratio in accordance with the Business Combination Agreement.
- [F3]25% of the options were exercisable as of the closing of the Business Combination on December 18, 2020. The remaining options vest in three equal annual installments beginning on May 15, 2021.
- [F4]As part of the Business Combination, each outstanding option to acquire Class A common shares of Clever Leaves was automatically converted into an option exercisable for common shares of the Company based on the Exchange Ratio in accordance with the Business Combination Agreement.
- [F5]The options were exercisable as of the closing of the Business Combination on December 18, 2020.
Documents
Issuer
Clever Leaves Holdings Inc.
CIK 0001819615
Entity typeother
Related Parties
1- filerCIK 0001835977
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 4:22 PM ET
- Size
- 12.0 KB