4//SEC Filing
Dowdy John 4
Accession 0001213900-21-015203
CIK 0001779020other
Filed
Mar 11, 7:00 PM ET
Accepted
Mar 12, 5:47 PM ET
Size
7.6 KB
Accession
0001213900-21-015203
Insider Transaction Report
Form 4
Dowdy John
Chief Financial Officer
Transactions
- Award
Class A Common Stock ("Common Stock")
2021-03-10+377,259→ 377,259 total
Holdings
- 303,054(indirect: See Footnotes)
Common Stock
Footnotes (5)
- [F1]Comprised of a restricted stock award (the "RSA") granted under the Danimer Scientific, Inc. 2020 Long-Term Incentive Plan (the "Plan") consisting of 377,259 restricted shares of the Common Stock (the "Restricted Shares").
- [F2]Under the RSA, the Restricted Shares shall vest as follows: (i) one-sixth of the Restricted Shares shall vest on December 29, 2021 (the "First Time Vesting Date"); (ii) one-sixth of the Restricted Shares shall vest on December 29, 2022 (the "Second Time Vesting Date"); (iii) one-sixth of the Restricted Shares shall vest on December 29, 2023 (the "Third Time Vesting Date"); (iv) one-sixth of the Restricted Shares shall vest if the volume weighted average trading price (the "VWAP") of a share of Common Stock equals or exceeds $24.20 for any 20 trading dates within a 30 day trading period beginning on the First Time Vesting Date and ending on December 29, 2030;
- [F3]Continuation of footnote (2): (v) one-sixth of the Restricted Shares shall vest if the VWAP of a share of Common Stock equals or exceeds $24.20 for any 20 trading dates within a 30 day trading period beginning on the Second Time Vesting Date and ending on December 29, 2030; and (vi) one-sixth of the Restricted Shares shall vest if the VWAP of a share of Common Stock equals or exceeds $24.20 for any 20 trading dates within a 30 day trading period beginning on the Third Time Vesting Date and ending on December 29, 2030.
- [F4]These shares are owned by John Adams Dowdy, III Living Trust.
- [F5]The Reporting Person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Documents
Issuer
Danimer Scientific, Inc.
CIK 0001779020
Entity typeother
Related Parties
1- filerCIK 0001372048
Filing Metadata
- Form type
- 4
- Filed
- Mar 11, 7:00 PM ET
- Accepted
- Mar 12, 5:47 PM ET
- Size
- 7.6 KB