4//SEC Filing
Docherty Susan E 4
Accession 0001104659-24-038959
CIK 0001637736other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 2:36 PM ET
Size
18.9 KB
Accession
0001104659-24-038959
Insider Transaction Report
Form 4
Docherty Susan E
DirectorCEO and COO
Transactions
- Exercise/Conversion
Common Stock
2024-03-26+875,000→ 1,745,000 total - Disposition to Issuer
Common Stock
2024-03-26−1,745,000→ 0 total - Exercise/Conversion
Restricted Share Units
2024-03-26−666,667→ 0 total→ Common Stock (666,667 underlying) - Exercise/Conversion
Common Stock
2024-03-26+666,667→ 870,000 total - Exercise/Conversion
Performance Share Units
2024-03-26−437,500→ 0 total→ Common Stock (437,500 underlying) - Exercise/Conversion
Performance Share Units
2024-03-26−218,750→ 0 total→ Common Stock (218,750 underlying) - Exercise/Conversion
Performance Share Units
2024-03-26−218,750→ 0 total→ Common Stock (218,750 underlying)
Footnotes (7)
- [F1]On March 26, 2024, Xos, Inc. ("Xos") acquired all of the issued and outstanding common shares (the "ElectraMeccanica Shares") of Electra Meccanica Vehicles Corp. ("ElectraMeccanica") pursuant to a plan of arrangement (the "Plan of Arrangement") under the Business Corp orations Act (British Columbia) (the "Arrangement"). Under the terms of the arrangement agreement, dated January 11, 2024, by and between ElectraMeccanica and Xos (as amended, the "Arrangement Agreement"), and the Plan of Ar rangement, at the effective time of the Arrangement (the "Effective Time"), each ElectraMeccanica Share outstanding immediately prior to the Effective Time was transferred to Xos in exchange for 0.0143739 shares of Xos common stock.
- [F2]Each restricted share unit ("RSU") represented a contingent right to receive one ElectraMeccanica Share upon vesting. Pursuant to the Arrangement Agreement, each RSU that was outstanding immediately prior to the Effective Time vested and was settled by ElectraMeccanica in exchange for one ElectraMec canica Share.
- [F3]On December 5, 2022, the reporting person was granted a total of 1,000,000 RSUs, which were to vest in three equal annual installments from the grant date.
- [F4]Each performance share unit ("PSU") represented a contingent right to receive one ElectraMeccanica Share upon vesting. Pursuant to the Arrangement Agreement, each PSU that was outstanding immediately prior to the Effective Time vested and was settled by ElectraMeccanica in exchange for one ElectraMec canica Share.
- [F5]On December 5, 2022, the reporting person was granted a total of 437,500 PSUs, which were to vest on the first date on which the 30-day volume weighted average trading price per ElectraMeccanica Share was $5.00 or greater.
- [F6]On December 5, 2022, the reporting person was granted a total of 218,750 PSUs, which were to vest on the first date on which the 30-day volume weighted average trading price per ElectraMeccanica Share was $6.00 or greater.
- [F7]On December 5, 2022, the reporting person was granted a total of 218,750 PSUs, which were to vest on the first date on which the 30-day volume weighted average trading price per ElectraMeccanica Share was $7.00 or greater.
Documents
Issuer
ELECTRAMECCANICA VEHICLES CORP.
CIK 0001637736
Entity typeother
Related Parties
1- filerCIK 0001601821
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 2:36 PM ET
- Size
- 18.9 KB