MASTEC INC - 08 Sep 2021 Form 4 Insider Report for American Virtual Cloud Technologies, Inc.

Role
10%+ Owner
Signature
/s/ Albert de Cardenas
Issuer symbol
N/A
Transactions as of
08 Sep 2021
Net transactions value
+$3,453,657
Form type
4
Filing time
10 Sep 2021, 16:15:17 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVCT Common Stock Conversion of derivative security $3,453,657 +1,001,060 +59% $3.45* 2,702,060 08 Sep 2021 Direct F1

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 AVCT Series A Convertible Debenture Conversion of derivative security $0 -3,453,656 -100% $0.000000* 0 08 Sep 2021 Common Stock 1,001,060 $3.45 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

MASTEC INC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects the mandatory conversion (the "Conversion") of a certain convertible debenture (the "Convertible Debenture"), subject to Securities Exchange Act of 1934 Rule 16b-6(b).
F2 Represents the principal amount (inclusive of accreted interest, pursuant to the terms of the Convertible Debenture) that was outstanding under the Convertible Debenture as of the date of Conversion.
F3 The expiration date is the date that the principal amount of the Convertible Debenture (together with all accrued but unpaid interest thereon) is paid in full, subject to mandatory conversion of the Convertible Debenture in whole pursuant to the terms thereof.
F4 Determined by dividing $3,453,655.77, the principal amount of the Convertible Debenture as of the date of Conversion, by the conversion price of $3.45.