Thomas M. Hagerty - Jul 2, 2021 Form 4 Insider Report for Alight Group, Inc. (ALIT)

Role
Director
Signature
/s/ Michael L. Gravelle, Attorney-in-Fact for Thomas M. Hagerty
Stock symbol
ALIT
Transactions as of
Jul 2, 2021
Transactions value $
$0
Form type
4
Date filed
7/7/2021, 07:20 PM
Previous filing
Jun 15, 2021
Next filing
Sep 29, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALIT Class B common stock Disposed to Issuer -2.5K -10% 22.5K Jul 2, 2021 Class A common stock 2.5K Direct F1, F2
transaction ALIT Class B common stock Disposed to Issuer -2.5K -100% 0 Jul 2, 2021 Class A common stock 22.5K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Thomas M. Hagerty is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Prior to the closing of the Business Combination (as defined below), the shares of Class B common stock of Foley Trasimene Acquisition Corp. ("FTAC") had no expiration date and were convertible into shares of FTAC Class A common stock, par value $0.0001 per share, as described under the heading "Description of Securities-Founder Shares" in FTAC's registration statement on Form S-1 (File No. 333-238135).
F2 Represents shares of Class B common stock forfeited and surrendered to FTAC immediately prior to the closing of the Business Combination (as defined below) pursuant to that certain Amended and Restated Sponsor Agreement, dated as of January 25, 2021, by and among FTAC, Alight, Inc. ("Alight"), Tempo Holding Company, LLC ("Tempo"), the Reporting Person and certain other parties thereto.
F3 On July 2, 2021, in connection with the consummation of the business combination (the "Business Combination") among FTAC, Alight and Tempo, pursuant to that certain Amended and Restated Business Combination Agreement, dated April 29, 2021, by and among Alight, FTAC and certain other parties thereto, each share of Class B common stock of FTAC held by the Reporting Person automatically converted into one share of Class A common stock of Alight.

Remarks:

As of July 2, 2021, in connection with the consummation of the Business Combination, Alight became the successor issuer to FTAC (in each case, as defined in this report), and the Reporting Person resigned from the FTAC board of directors.