4//SEC Filing
WILLIS ROBERT E. 4
Accession 0001213900-22-021656
CIK 0001704760other
Filed
Apr 25, 8:00 PM ET
Accepted
Apr 26, 4:05 PM ET
Size
6.6 KB
Accession
0001213900-22-021656
Insider Transaction Report
Form 4
WILLIS ROBERT E.
President
Transactions
- Award
Restricted Stock Units
2022-04-22+1,500,000→ 150,000 total→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Represents restricted stock units, each unit representing a contingent right to receive one share of the Issuer's common stock.
- [F2]Up to 50% of the restricted stock units shall vest at a rate of twelve and a half percent (12.5%) on each of April 1, 2023, 2024, 2025 and 2026 (each, a "Service Vesting Date"), provided the Reporting Person's service continues with the Issuer and its related entities through and on the applicable Service Vesting Date. Up to 50% of the restricted stock units shall vest at a rate of twelve and a half percent (12.5%) on each of December, 2022, 2023, 202 and 2025 (each, a "Performance Vesting Date"), provided the Reporting Person's service continues with the Issuer and its related entities through and on the applicable Performance Vesting Date, and the volume weighted average price per share of the Issuer's common stock for the twenty (20) trading days in the thirty (30) consecutive trading day period immediately preceding December 31, 2022, 2023, 2024, 2025, as applicable, meets target prices set by the Issuer's board of directors (each a "Share Price Target"). The Share Price Target for December 31, 2022 is $2.11.
Documents
Issuer
American Virtual Cloud Technologies, Inc.
CIK 0001704760
Entity typeother
Related Parties
1- filerCIK 0001712933
Filing Metadata
- Form type
- 4
- Filed
- Apr 25, 8:00 PM ET
- Accepted
- Apr 26, 4:05 PM ET
- Size
- 6.6 KB