Form 4 for SPRU SPRUCE POWER HOLDING CORP
Accepted 2022-09-13 00:00:00 ET · period of report 2022-09-09 · accession 0001213900-22-055672 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-09-13 | 2022-09-09 | SPRU | Fong Christian S. | Pres, Dir | A - Grant | $0.585 | +1.82M | 909.1K | New | +$1.06M |
| D | 2022-09-13 | 2022-09-09 | SPRU | Fong Christian S. | Pres, Dir | F - Tax | $1.17 | -281.3K | 627.8K | -31% | -$329.1K |
| D | 2022-09-13 | 2022-09-09 | SPRU | Fong Christian S. | Pres, Dir | A - Grant | $0.00 | +1.67M | 1.67M | 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 | 2022-09-09 | A | A | 909,091 | $0.00 | 1,536,862 | D | — | — | (F3) The securities awarded are in the form of restricted stock units (RSUs) that each represent a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continued service through the vesting dates, 25% of the RSUs will vest on each of September 9, 2023 and 6.25% on the last day of each subsequent calendar quarter, beginning September 30, 2023. |
| 2 | Common | Common Stock | 2022-09-09 | F | D | 281,320 | $1.17 | 627,771 | D | — | — | (F2) The securities were withheld to pay the reporting person's tax withholding obligations with respect to the securities awarded as a signing bonus reported above. |
| 3 | Common | Common Stock | 2022-09-09 | A | A | 909,091 | $1.17 | 909,091 | D | — | — | (F1) Under the terms of the reporting person's Employment Agreement, the securities awarded are intended to serve as a signing bonus, and are fully vested shares. Gross shares are reported, prior to taxes being withheld; see footnote (2) below. |
| 4 | Derivative | Restricted Stock Units | 2022-09-09 | A | A | 1,666,666 | $0.00 | 1,666,666 | D | — · — to 2033-09-09 | 1,666,666 Common Stock | (F4) Subject to the reporting person's continued service, the RSUs will vest in increments of 10% upon the issuer's common stock achieving certain specified prices per share over 20 day consecutive trading periods, as set forth in Schedule 1 of the reporting person's Employment Agreement filed on September 15, 2022, as determined within the 30 days following each calendar quarter, with the shares distributed no later than the following March 15. |