John R. Zavoli - 16 Jul 2021 Form 3/A - Amendment Insider Report for Hyzon Motors Inc.

Role
Officer
Signature
/s/ John Zavoli
Issuer symbol
N/A
Transactions as of
16 Jul 2021
Net transactions value
$0
Form type
3/A - Amendment
Filing time
26 Jul 2021, 19:48:33 UTC
Date Of Original Report
16 Jul 2021
Next filing
26 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HYZN Class A Common Stock, par value $0.0001 per share 1,000 16 Jul 2021 Direct
holding HYZN Class A Common Stock, par value $0.0001 per share 250 16 Jul 2021 By Wife

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
holding HYZN Restricted Stock Units 16 Jul 2021 Class A Common Stock, par value $0.0001 per share 106,320 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units under the Hyzon Motors Inc. 2020 Stock Incentive Plan, granted on February 18, 2021 (the "Grant Date"); restricted stock units vest pursuant to a five year vesting schedule, whereby one-sixth of the total number of shares vest on the Grant Date and each year on the anniversary of the Grant Date, subject to continued employment with the Issuer.
F2 On July 16, 2021, pursuant to the Business Combination Agreement and Plan of Reorganization, dated as of February 8, 2021 (the "Business Combination Agreement"), by and among Hyzon Motors Inc. (f/k/a Decarbonization Plus Acquisition Corporation) (the "Issuer"), DCRB Merger Sub Inc. a wholly owned subsidiary of the Company ("Merger Sub") and Hyzon Motors USA Inc. (f/k/a Hyzon Motors Inc.) ("Old Hyzon"), Merger Sub merged with and into Old Hyzon with Old Hyzon as the surviving corporation and a wholly owned subsidiary of the Issuer (the "Merger"). At the effective time of the Merger, each restricted stock unit ("RSU") denominated in shares of Old Hyzon was assumed by the Issuer and converted into (A) an RSU denominated in shares of Class A common stock of the Issuer equal to the product (rounded down to the nearest whole number) of (x) the number of Old Hyzon shares subject to the RSU immediately prior to the effective time of the Merger and (y) the Exchange Ratio (1.7720)
F3 (Continued from footnote 2) and (B) the contingent right to receive Earnout Shares (as defined in the Business Combination Agreement) in accordance with Section 3.03 of the Business Combination Agreement.

Remarks:

General Counsel & Chief Legal Officer. This amendment is being filed to include the SEC filing code for John Ralph Zavoli, the reporting person, which was not available at the time of the original filing.