Dowdy John 4
4 · Danimer Scientific, Inc. · Filed Mar 12, 2021
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.