4//SEC Filing
Wilches Julian 4
Accession 0001819615-21-000016
CIK 0001819615other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 4:11 PM ET
Size
11.6 KB
Accession
0001819615-21-000016
Insider Transaction Report
Form 4
Wilches Julian
Chief Regulatory Officer
Transactions
- Award
Restricted Share Units
2021-03-02+33,333.5→ 33,333.5 totalExp: 2022-12-18→ Common shares (33,333.5 underlying) - Award
Restricted Share Units
2021-03-02+33,333.5→ 33,333.5 totalExp: 2024-12-18→ Common shares (33,333.5 underlying) - Award
Stock Option (right to buy)
2020-12-18+2,433→ 2,433 totalExercise: $10.00Exp: 2025-04-17→ Common shares (2,433 underlying)
Footnotes (6)
- [F1]Each restricted share unit represents the contingent right to receive one common share of the Issuer.
- [F2]The restricted share units vest when they have both time-vested and performance-vested, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates. The restricted share units will time-vest in four equal annual installments, commencing on December 18, 2021, and will performance-vest based on the achievement of certain share price performance conditions on or prior to December 18, 2022.
- [F3]The restricted share units vest when they have both time-vested and performance-vested, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates. The restricted share units will time-vest in four equal annual installments, commencing on December 18, 2021, and will performance-vest based on the achievement of certain share price performance conditions on or prior to December 18, 2024.
- [F4]On December 22, 2020, the reporting person filed a Form 4 which inadvertently reported options to acquire 2,443 common shares rather than 2,433 common shares of the Issuer. Information in this item does not reflect a new acquisition but is provided to disclose the correct number of shares that the reporting person has a right to acquire pursuant to the previously reported transaction.
- [F5]The options were exercisable as of on December 18, 2020, the closing date of the business combination (the "Business Combination") of Clever Leaves International Inc. ("Clever Leaves") and Schultze Special Purpose Acquisition Corp. pursuant to the Amended and Restated Business Combination Agreement, dated as of November 9, 2020 (the "Business Combination Agreement").
- [F6]As part of the Business Combination, each outstanding option to acquire Class A common shares of Clever Leaves International Inc. was automatically converted into an option exercisable for common shares of the Issuer based on the exchange ratio of 0.3288 in accordance with the Business Combination Agreement.
Documents
Issuer
Clever Leaves Holdings Inc.
CIK 0001819615
Entity typeother
Related Parties
1- filerCIK 0001836364
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 4:11 PM ET
- Size
- 11.6 KB