4//SEC Filing
Crisp Matthew B. 4
Accession 0001830210-22-000028
CIK 0001830210other
Filed
Jan 10, 7:00 PM ET
Accepted
Jan 11, 5:58 PM ET
Size
9.9 KB
Accession
0001830210-22-000028
Insider Transaction Report
Form 4
Crisp Matthew B.
DirectorPresident and CEO
Transactions
- Gift
Common Stock
2021-12-31−500,000→ 2,937,507 total - Award
Restricted Stock Units
2022-01-07+2,000,000→ 2,000,000 total→ Common Stock, $0.0001 par value per share (2,000,000 underlying)
Holdings
- 500,000(indirect: By KDC SLAT)
Common Stock
Footnotes (4)
- [F1]On December 31, 2021, the reporting person contributed 500,000 shares of the Issuer's common stock to KDC SLAT, the trustee of which is the reporting person's spouse and the beneficiaries of which are the reporting person's spouse and children. The reporting person disclaims beneficial ownership of such shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F3]Granted on January 7, 2022. The restricted stock units are subject to time and performance vesting over a seven year period beginning on September 29, 2021 (the "Vesting Start Date"). The restricted stock units will time vest in full on the third anniversary of the Vesting Start Date, and performance vest as to (i) 25% if and when the volume-weighted average price per share of the Issuer's common stock over 30 consecutive trading days (the "30-day VWAP") at any time on or after the first anniversary of the Vesting Start Date but on or prior to the third anniversary of the Vesting Start Date, is above $15.00, (ii) 25% if and when the 30-day VWAP at any time on or after the first anniversary of the Vesting Start Date but on or prior to the fourth anniversary of the Vesting Start Date, is above $20.00, (iii) 25% if and when
- [F4](continued from footnote 3) the 30-day VWAP at any time on or after the first anniversary of the Vesting Start Date but on or prior to the fifth anniversary of the Vesting Start Date, is above $25.00 and (iv) 25% if and when the 30-day VWAP at any time on or after the first anniversary of the Vesting Start Date but on or prior to the sixth anniversary of the Vesting Start Date, is above $30.00, provided that, if any of the 30-day VWAP targets in the foregoing clauses (i)-(iv) are not achieved by the respective specified deadlines, such 30-day VWAP target will be increased by 10% and the applicable 25% tranche of the restricted stock units with respect to that 30-day VWAP target (as increased) will vest if and when such increased 30-day VWAP target is achieved at any time within the 12-month period following the original deadline for such 30-day VWAP target.
Documents
Issuer
Benson Hill, Inc.
CIK 0001830210
Entity typeother
Related Parties
1- filerCIK 0001886115
Filing Metadata
- Form type
- 4
- Filed
- Jan 10, 7:00 PM ET
- Accepted
- Jan 11, 5:58 PM ET
- Size
- 9.9 KB