Form 4 for SLDP Solid Power, Inc.
Accepted 2021-12-08 00:00:00 ET · period of report 2021-12-08 · accession 0001104659-21-147775 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-12-08 | 2021-12-08 | SLDP | Jansen David B | Pres, Dir | A - Grant | — | +795.5K | 795.5K | New | — |
| DM | 2021-12-08 | 2021-12-08 | SLDP | Jansen David B | Pres, Dir | A - Grant | — | +2.86M | 2.86M | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-12-08 | A | A | 795,495 | — | 795,495 | D | — | — | (F1) Reflects shares of Common Stock, par value $0.0001, of the Issuer acquired upon the completion of the merger (the "Merger") pursuant to the as amended Business Combination Agreement and Plan of Reorganization, by and among the Issuer, a wholly owned subsidiary of the Issuer, and Solid Power, Inc. ("Solid Power"). At the effective time of the Merger (the "Effective Time"), each share of Solid Power common stock issued and outstanding immediately prior to the Effective Time was canceled and converted into the right to receive the number of shares of Common Stock of the Issuer equal to an exchange ratio calculated at closing (the "Exchange Ratio"). (F2) In connection with the Merger, at the Effective Time, each share of Solid Power common stock issued and outstanding immediately prior to the Effective Time was canceled and converted into the right to receive the number of shares of Common Stock of the Issuer equal to the Exchange Ratio. |
| 2 | Derivative | Stock Option (Right to Buy) | 2021-12-08 | A | A | 1,590,990 | — | 1,590,990 | D | $0.03 · 2021-12-08 to 2027-02-01 | 1,590,990 Common Stock | (F3) At the Effective Time, each Solid Power option was converted into an option to purchase a number of shares of Common Stock of the Issuer, equal to the product (rounded down to the nearest whole number) of (x) the number of shares of Solid Power Common Stock subject to such Solid Power Option immediately prior to the Effective Time and (y) the Exchange Ratio, at an exercise price per share (rounded up to the nearest whole cent) equal to (A) the exercise price per share of such Solid Power Option immediately prior to the Effective Time divided by (B) the Exchange Ratio. |
| 3 | Derivative | Stock Option (Right to Buy) | 2021-12-08 | A | A | 1,272,791 | — | 2,863,781 | D | $5.02 · — to 2031-08-03 | 1,272,791 Common Stock | (F3) At the Effective Time, each Solid Power option was converted into an option to purchase a number of shares of Common Stock of the Issuer, equal to the product (rounded down to the nearest whole number) of (x) the number of shares of Solid Power Common Stock subject to such Solid Power Option immediately prior to the Effective Time and (y) the Exchange Ratio, at an exercise price per share (rounded up to the nearest whole cent) equal to (A) the exercise price per share of such Solid Power Option immediately prior to the Effective Time divided by (B) the Exchange Ratio. (F4) 25% of the shares issuable upon exercise of the option will vest on August 3, 2022, and 1/36 of the remaining shares issuable upon exercise of the option will vest monthly thereafter. |