4//SEC Filing
Bailey Christopher L 4
Accession 0001209191-21-067359
CIK 0001820630other
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 7:38 PM ET
Size
8.4 KB
Accession
0001209191-21-067359
Insider Transaction Report
Form 4
Proterra IncPTRA
Bailey Christopher L
President, Powered & Energy
Transactions
- Disposition to Issuer
Employee stock option (right to buy)
2021-11-29−89,250→ 89,250 totalExercise: $10.01Exp: 2031-05-19→ Common Stock (89,250 underlying) - Award
Employee stock option (right to buy)
2021-11-29+89,250→ 89,250 totalExercise: $13.68Exp: 2031-05-19→ Common Stock (89,250 underlying)
Footnotes (2)
- [F1]The stock option vests as of 1/48 of the total shares monthly beginning on May 20, 2021 until fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- [F2]In a Form 3 filed on October 1, 2021, as amended on December 1, 2021, the reporting person reported that he beneficially owned an employee stock option covering 89,250 shares of common stock, having an exercise price of $10.01 a share. It was subsequently determined that the exercise price of the option was less than the market price of the Issuer's common stock on the grant date, which was $13.68 a share. To avoid adverse tax consequences, the reporting person and the Issuer agreed to amend the option to provide that the option will have an exercise price of $13.68 a share. The amendment of the option is reported in this Form 4 as a cancellation of the original option and the grant of a replacement option.
Documents
Issuer
Proterra Inc
CIK 0001820630
Entity typeother
Related Parties
1- filerCIK 0001888690
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 7:38 PM ET
- Size
- 8.4 KB