Form 4 for LOCL Local Bounti Corporation/DE

Accepted 2021-11-23 00:00:00 ET · period of report 2021-11-19 · accession 0001209191-21-066613 · 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
	2021-11-23	2021-11-19	LOCL	Hilberg Gary	Chief Sustainability Off	A - Grant	—	+450.7K	450.7K	New	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2021-11-19	A	A	450,654	—	450,654	D	—	—	(F1) Includes (i) 149,090 Restricted Stock Units ("RSUs") awarded under the Issuer's the 2020 Equity Incentive Plan, as amended from time to time ("the 2020 Plan"), subject to the continuous service of the Reporting Person on each vesting date: 10% will vest on June 1, 2022 with the remaining RSUs vesting in three (3) annual 30% installments thereafter and (ii) 301,564 Restricted Stock shares awarded under the 2020 Plan, subject to the continuous service of the Reporting Person on each vesting date: 10% will vest on February 1, 2022 with the remaining Restricted Stock shares vesting in three (3) annual 30% installments thereafter. (F2) Received pursuant to certain Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time), dated as of June 17, 2021, by and among Leo Holdings III Corp, a Cayman Islands exempted company, Longleaf Merger Sub, Inc., a Delaware corporation, Longleaf Merger Sub II, LLC, a Delaware limited liability company, and the Issuer.