4//SEC Filing
Lane Flint A. 4
Accession 0001209191-21-010187
CIK 0001774155other
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 4:58 PM ET
Size
8.8 KB
Accession
0001209191-21-010187
Insider Transaction Report
Form 4
Lane Flint A.
DirectorChief Executive Officer10% Owner
Transactions
- Award
Class 1 Common Stock
2021-02-10+70,808→ 17,539,953 total - Award
Class 1 Common Stock
2021-02-10+4,930→ 17,544,883 total
Holdings
- 7,839,464(indirect: By GRAT)
Class 1 Common Stock
Footnotes (3)
- [F1]Represents the number of shares received pursuant to Section 3.07 (the "Earnout Rights") of that certain Business Combination Agreement, dated as of October 18, 2020, by and among the Issuer and certain other parties thereto. The number of shares issuable and being reported herein was determined, and the Reporting Person's right to receive such shares became fixed and irrevocable, on February 10, 2021 (the "Milestone Date"), the date on which the Issuer's closing share price equaled or exceeded $12.50 and $15.00 for 20 trading days within a consecutive 30-trading day period.
- [F2]Represents the number of shares underlying restricted stock units (the "RSUs") received pursuant to the Earnout Rights. Each RSU represents a contingent right to receive one share of class 1 common stock of the Issuer. The RSUs vest as to all of the shares on May 15, 2021, subject to the Reporting Person's continuous service to the Issuer through such vesting date. The number of RSUs issuable pursuant to the Earnout Rights was determined, and the Reporting Person's right to receive such RSUs subject to the earnout rights became fixed and irrevocable on the Milestone Date.
- [F3]These Shares are held by the Flint Lane 2009 Grantor Retained Annuity Trust (the "GRAT") for the benefit of the Reporting Person's children. The Reporting Person's spouse is trustee of the GRAT. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Documents
Issuer
BTRS Holdings Inc.
CIK 0001774155
Entity typeother
Related Parties
1- filerCIK 0001836198
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 4:58 PM ET
- Size
- 8.8 KB