4//SEC Filing
Barnhart James 4
Accession 0001628280-22-009395
CIK 0001745317other
Filed
Apr 14, 8:00 PM ET
Accepted
Apr 15, 5:42 PM ET
Size
13.0 KB
Accession
0001628280-22-009395
Insider Transaction Report
Form 4
Barnhart James
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2022-04-13+56,859→ 62,161 total - Award
Common Stock
2022-04-13+187,005→ 249,166 total - Sale
Common Stock
2022-04-13$2.13/sh−20,374$43,397→ 1,101,480 total - Award
Common Stock
2022-04-13+872,688→ 1,121,854 total - Exercise/Conversion
Restricted Stock Unit
2022-04-13−56,859→ 170,578 total→ Common Stock (227,437 underlying)
Footnotes (5)
- [F1]The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one (1) share of Common Stock for each RSU. The shares were issued pursuant to vested RSUs released on April 13, 2022.
- [F2]Represents shares of restricted stock that will vest and become non-forfeitable subject to the Reporting Person's continuous service, whereby 6.25% of the shares will vest if the Reporting Person remains in continuous service through May 28, 2022 and an additional 6.25% of the shares will vest if the Reporting Person remains in continuous service for each successive three-month period thereafter.
- [F3]Represents the maximum number of shares of restricted stock that will vest and become non-forfeitable if certain performance goals are satisfied and the Reporting Person remains in continuous service through the applicable vesting dates, whereby, if the maximum goals are achieved, 1/3 of the shares will vest if the Reporting Person remains in service through February 28, 2023 (or, if later, the date the performance goals are certified) the remaining shares will vest in two equal installments if the Reporting Person remains in continuous service through February 28, 2024 and February 28, 2025.
- [F4]The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the previously reported vesting and settlement of RSUs. These sales are mandated by the Reporting Person's award agreement to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- [F5]Represents a Restricted Stock Unit ("RSUs") that vests in installments, with twenty-five percent (25%) of the shares vesting on March 15, 2022, and six-and-one-quarter percent (6.25%) of the shares vesting quarterly thereafter, subject to the Reporting Person's continuous service with the Issuer.
Documents
Issuer
Velodyne Lidar, Inc.
CIK 0001745317
Entity typeother
Related Parties
1- filerCIK 0001734406
Filing Metadata
- Form type
- 4
- Filed
- Apr 14, 8:00 PM ET
- Accepted
- Apr 15, 5:42 PM ET
- Size
- 13.0 KB