Form 4 for OWLT Owlet, Inc.
Accepted 2021-07-19 00:00:00 ET · period of report 2021-07-15 · accession 0001140361-21-024842 · 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 | 2021-07-19 | 2021-07-15 | OWLT | Workman Kurt | CEO, Dir | A - Grant | — | +2.07M | 2.07M | New | — |
| D | 2021-07-19 | 2021-07-15 | OWLT | Workman Kurt | CEO, Dir | A - Grant | $0.00 | +339.5K | 339.5K | New | $0 |
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 | 2021-07-15 | A | A | 2,074,202 | — | 2,074,202 | D | — | — | (F1) On July 15, 2021, pursuant to that certain Business Combination Agreement, dated as of February 15, 2021, by and among the Issuer, Project Olympus Merger Sub, Inc. ("Merger Sub") and Owlet Baby Care Inc. ("Owlet Baby Care"), Merger Sub merged with and into Owlet Baby Care with Owlet Baby Care surviving as a wholly owned subsidiary of the Issuer (the "Merger"). Upon consummation of the Merger (the "Effective Time"), each issued and outstanding share of common stock of Owlet Baby Care was automatically cancelled and converted into approximately 2.053 (the "Exchange Ratio") shares of common stock of the Issuer. |
| 2 | Derivative | Stock Options | 2021-07-15 | A | A | 339,473 | $0.00 | 339,473 | D | $7.13 · — to 2031-01-23 | 339,473 Common Stock | (F2) At the Effective Time, each outstanding option to purchase shares of Owlet Baby Care common stock (each an "Owlet Baby Care Option") was automatically cancelled and converted into an option to purchase a number of shares of common stock of the Issuer equal to (i) the number of shares of Owlet Baby Care common stock subject to the applicable Owlet Baby Care Option multiplied by (ii) the Exchange Ratio, rounded down to the nearest whole share. (F1) On July 15, 2021, pursuant to that certain Business Combination Agreement, dated as of February 15, 2021, by and among the Issuer, Project Olympus Merger Sub, Inc. ("Merger Sub") and Owlet Baby Care Inc. ("Owlet Baby Care"), Merger Sub merged with and into Owlet Baby Care with Owlet Baby Care surviving as a wholly owned subsidiary of the Issuer (the "Merger"). Upon consummation of the Merger (the "Effective Time"), each issued and outstanding share of common stock of Owlet Baby Care was automatically cancelled and converted into approximately 2.053 (the "Exchange Ratio") shares of common stock of the Issuer. (F3) Represents an award of stock options on January 24, 2021, which vests in 48 monthly installments thereafter beginning on February 11, 2021, subject to the reporting person's continued service through the applicable vesting date. |