4//SEC Filing
Kelln Bryan 4
Accession 0001209191-21-036084
CIK 0001682745other
Filed
May 25, 8:00 PM ET
Accepted
May 26, 8:10 PM ET
Size
10.0 KB
Accession
0001209191-21-036084
Insider Transaction Report
Form 4
Kelln Bryan
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-05-24−8,696→ 0 totalExercise: $0.00→ Class A Common Stock (8,696 underlying) - Exercise/Conversion
Class A Common Stock
2021-05-24+8,696→ 24,055 total
Holdings
- 15,359
Class A Common Stock
Footnotes (5)
- [F1]The reporting person was granted 8,696 restricted stock units as compensation for his service on the Issuer's board of directors and are held by the reporting person for the benefit of PE Greenlight Holdings, LLC ("PE Greenlight"). Pursuant to an Investor Rights Agreement with the Issuer, PE Greenlight has the right to nominate up to three directors to the Issuer's board of directors, subject to certain ownership thresholds. The reporting person served on the Issuer's board of directors pursuant to this right. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]Includes 8,696 shares of the Issuer's Class A Common Stock that were awarded to the reporting person as compensation for his service on the Issuer's board of directors and are held by the reporting person for the benefit of PE Greenlight. As disclosed in footnote (5) below, immediately following the transactions reported herein, such shares of Class A Common Stock will be transferred to PE Greenlight in a transaction exempt from Section 16 pursuant to Rule 16a-13 thereunder.
- [F3]Reflects the number of shares of the Issuer's Class a Common Stock beneficially owned by the reporting person after giving effect to the transfer to PE Greenlight described in the footnote (2) above.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Verra Mobility Corporation Class A Common Stock.
- [F5]On May 26, 2020, the reporting person was granted 8,696 restricted stock units, vesting in full on the earlier of (a) May 26, 2021, or (b) the date immediately prior to the next annual meeting of the Issuer's stockholders occurring after the date of grant. Pursuant to a contractual agreement between the reporting person and PE Greenlight, the shares of Class A Common Stock issued to the reporting person upon settlement of the restricted stock units were immediately transferred to PE Greenlight in a transaction exempt from Section 16 pursuant to Rule 16a-13 thereunder.
Documents
Issuer
VERRA MOBILITY Corp
CIK 0001682745
Entity typeother
Related Parties
1- filerCIK 0001693100
Filing Metadata
- Form type
- 4
- Filed
- May 25, 8:00 PM ET
- Accepted
- May 26, 8:10 PM ET
- Size
- 10.0 KB