4//SEC Filing
Pratt Stuart W 4
Accession 0001213900-21-015204
CIK 0001779020other
Filed
Mar 11, 7:00 PM ET
Accepted
Mar 12, 5:47 PM ET
Size
6.9 KB
Accession
0001213900-21-015204
Insider Transaction Report
Form 4
Pratt Stuart W
Director
Transactions
- Award
Class A Common Stock ("Common Stock")
2021-03-10+17,604→ 1,486,710 total
Footnotes (4)
- [F1]Comprised of a restricted stock award (the "RSA") granted under the Danimer Scientific, Inc. 2020 Long-Term Incentive Plan (the "Plan") consisting of 17,604 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]The Reporting Person is not the trustee of the Wentworth 84 Trust and the Reporting Person is not deemed to be the beneficial owner of shares of Common Stock held by such trust. Prior Section 16 reports of the Reporting Person inadvertently included shares held by the trust. Shares of Common Stock held by the trust will no longer be reported on the Reporting Person's Section 16 reports.
Documents
Issuer
Danimer Scientific, Inc.
CIK 0001779020
Entity typeother
Related Parties
1- filerCIK 0001836986
Filing Metadata
- Form type
- 4
- Filed
- Mar 11, 7:00 PM ET
- Accepted
- Mar 12, 5:47 PM ET
- Size
- 6.9 KB