4//SEC Filing
ELLIS U. BERTRAM JR. 4
Accession 0001213900-21-047667
CIK 0001704760other
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 4:05 PM ET
Size
13.9 KB
Accession
0001213900-21-047667
Insider Transaction Report
Form 4
ELLIS U. BERTRAM JR.
Director
Transactions
- Conversion
Common Stock
2021-09-08$3.45/sh+394,564$1,361,246→ 436,564 total - Conversion
Series A-1 convertible debentures
2021-09-08→ 0 totalExercise: $3.45→ Common Stock (83,422 underlying) - Exercise/Conversion
Restricted Stock Units
2021-04-07+15,000→ 45,000 total→ Common Stock (15,000 underlying) - Conversion
Series A convertible debentures
2021-09-08→ 0 totalExercise: $3.45→ Common Stock (311,142 underlying) - Exercise/Conversion
Common Stock
2021-04-07+15,000→ 42,000 total
Footnotes (4)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]The debentures were immediately exercisable, subject to a conversion cap that applied until the Issuer obtained the requisite stockholder approval to issue the full amount of underlying shares.
- [F3]The expiration date was the date that the principal amount of the applicable debenture (together with all accrued but unpaid interest thereon) was paid in full, subject to mandatory conversion in whole pursuant to the terms thereof, which mandatory conversion occurred effective September 8, 2021. The entire principal sum amount of the Series A-1 and Series A convertible debentures, together with accrued and unpaid interest thereon, was due and payable on the earlier to occur of certain dates specified in the debentures.
- [F4]On April 7, 2020, the reporting person was granted 60,000 restricted stock units, vesting in four equal annual installments beginning on April 7, 2021 (each, a "Vesting Date"), provided that the reporting person's service continues with the Issuer and its related entities through and on the applicable Vesting Date.
Documents
Issuer
American Virtual Cloud Technologies, Inc.
CIK 0001704760
Entity typeother
Related Parties
1- filerCIK 0001712947
Filing Metadata
- Form type
- 4
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 4:05 PM ET
- Size
- 13.9 KB