UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Units | (1) | (1) | Common Stock | 275,855 | $ (2) | D | |
Restricted Stock Units | (3) | (3) | Common Stock | 68,962 | $ (2) | D | |
Stock Option | (4) | 12/31/2029 | Common Stock | 38,067 | $ 1.4084 | D | |
Stock Option | (5) | 12/31/2028 | Common Stock | 38,067 | $ 1.4084 | D | |
Stock Option | (6) | 10/29/2028 | Common Stock | 6,482 | $ 1.4084 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
LACHANCE JAMES 6800 BROKEN SOUND PARKWAY, SUITE 200 BOCA RATON, FL 33487 |
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/s/ James LaChance | 04/04/2022 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The restricted stock units vest in two equal annual installments on the anniversary of the vesting start date. Vesting start date is February 24, 2021. |
(2) | Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to a time-based vesting condition, which is summarized herein, and a Liquidity Event vesting condition. The Liquidity Event vesting condition was satisfied on March 25, 2022 upon the closing of LLAP's business combination. |
(3) | The restricted stock units vest in two equal annual installments on the anniversary of the vesting start date. Vesting start date is July 1, 2021. |
(4) | The option vested in two equal annual installments beginning January 1, 2020. |
(5) | The option vests in two equal annual installments beginning January 1, 2019. |
(6) | The option vests in two equal annual installments beginning October 30, 2018. |
Remarks: Exhibit List: See Exhibit 24.1 - Power of Attorney |