4//SEC Filing
Madsbjerg Christian 4
Accession 0001213900-21-047791
CIK 0001798562other
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 7:36 PM ET
Size
13.2 KB
Accession
0001213900-21-047791
Insider Transaction Report
Form 4
Madsbjerg Christian
Director
Transactions
- Award
Stock Option (right to buy)
2021-09-09+11,578→ 11,578 totalExercise: $0.52Exp: 2026-02-17→ Common Shares (11,578 underlying) - Award
Stock Option (right to buy)
2021-09-09+578,931→ 578,931 totalExercise: $2.60Exp: 2028-06-30→ Common Shares (578,931 underlying) - Award
Stock Option (right to buy)
2021-09-09+126,407→ 126,407 totalExercise: $0.65→ Common Shares (126,407 underlying)
Footnotes (10)
- [F1]Fully vested as of July 1, 2021.
- [F10]Received in connection with the Business Combination in exchange for a stock option to acquire 109,173 shares of DeepGreen common stock for $0.75 per share.
- [F2]Each of the Class A Special Shares, the Class B Special Shares, the Class C Special Shares, the Class D Special Shares, the Class E Special Shares, the Class F Special Shares, the Class G Special Shares and the Class H Special Shares (collectively, the "Special Shares") automatically convert into Common Shares on a one for one basis, if on any twenty trading days within any thirty trading day period, the Common Shares trade for a price that is greater than or equal to the price threshold for such class of Special Shares (the "Price Threshold") described below, or in the event of certain changes of control. The Price Thresholds for the Special Shares are as follows: Class A Special Shares ($15.00), Class B Special Shares ($25.00), Class C Special Shares ($35.00), Class D Special Shares ($50.00), Class E Special Shares ($75.00), Class F Special Shares ($100.00), Class G Special Shares ($150.00), and Class H Special Shares ($200.00).
- [F3]Also includes the right to purchase 12,631 Class A Special Shares, 25,262 Class B Special Shares, 25,262 Class C Special Shares, 50,525 Class D Special Shares, 50,525 Class E Special Shares, 50,525 Class F Special Shares, 63,157 Class G Special Shares and 63,157 Class H Special Shares.
- [F4]Received in connection with the Business Combination in exchange for a stock option to acquire 500,000 shares of DeepGreen common stock for $3.00 per share.
- [F5]Fully vested as of February 26, 2021.
- [F6]Also includes the right to purchase 252 Class A Special Shares, 505 Class B Special Shares, 505 Class C Special Shares, 1,010 Class D Special Shares, 1,010 Class E Special Shares, 1,010 Class F Special Shares, 1,263 Class G Special Shares and 1,263 Class H Special Shares.
- [F7]Received in connection with the Business Combination in exchange for a stock option to acquire 10,000 shares of DeepGreen common stock for $0.60 per share.
- [F8]These stock options vest as follows, subject to continued service through each vesting threshold: (i) 25% if TMC's market capitalization equals or exceeds $3.0 billion; (ii) 35% if TMC's market capitalization equals or exceeds $6.0 billion; (iii) 20% if the International Seabed Authority grants an exploitation contract to TMC; and (iv) 20% upon the commencement of the first commercial production following the grant of the exploitation contract. These stock options are exercisable at any time until March 5 of the year following vesting of such stock option (any such date, the "Exercise Date"). These stock options expire on the day after the Exercise Date.
- [F9]Also includes the right to purchase 2,758 Class A Special Shares, 5,516 Class B Special Shares, 5,516 Class C Special Shares, 11,032 Class D Special Shares, 11,032 Class E Special Shares, 11,032 Class F Special Shares, 13,790 Class G Special Shares and 13,790 Class H Special Shares.
Documents
Issuer
TMC the metals Co Inc.
CIK 0001798562
Entity typeother
Related Parties
1- filerCIK 0001874438
Filing Metadata
- Form type
- 4
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 7:36 PM ET
- Size
- 13.2 KB