James AC McDermott - Oct 25, 2021 Form 4 Insider Report for Decarbonization Plus Acquisition Corp III (SLDP)

Role
Director
Signature
James AC McDermott, /s/ Peter Haskopoulos, Attorney-in-fact
Stock symbol
SLDP
Transactions as of
Oct 25, 2021
Transactions value $
$0
Form type
4
Date filed
10/27/2021, 07:48 PM
Previous filing
Aug 10, 2021
Next filing
Dec 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLDP Class A Common Stock Conversion of derivative security +240K 240K Oct 25, 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 SLDP Class B Common Stock Conversion of derivative security -240K -100% 0 Oct 25, 2021 Class A Common Stock 240K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the amended and restated certificate of incorporation of Decarbonization Plus Acquisition Corporation III ("DCRC"), the Reporting Person elected to convert his shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis.
F2 The shares of Class B Common Stock were (i) convertible into shares of Class A Common Stock at the Reporting Person's election on a one-for-one basis and (ii) automatically convertible into shares of Class A Common Stock at the time of DCRC's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights (which rights were waived by the Reporting Person in connection with DCRC's proposed business combination), and had no expiration date.