Sandra Wallach - Sep 14, 2022 Form 4 Insider Report for Amprius Technologies, Inc. (AMPX)

Role
Chief Financial Officer
Signature
/s/ Sandra Wallach
Stock symbol
AMPX
Transactions as of
Sep 14, 2022
Transactions value $
$0
Form type
4
Date filed
9/16/2022, 07:21 PM
Previous filing
Aug 3, 2021
Next filing
Mar 19, 2024

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 AMPX Stock Option (right to buy) Award +582K 582K Sep 14, 2022 Common Stock 582K $1.78 Direct F1, F2
transaction AMPX Stock Option (right to buy) Award +146K 146K Sep 14, 2022 Common Stock 146K $2.61 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1/4 of the total number of shares issuable upon exercise of the option vested on July 26, 2022, and 1/48 of the total number of shares issuable upon exercise of the option vest monthly thereafter until fully vested on July 26, 2025.
F2 On September 14, 2022, the Issuer completed a business combination (the "Business Combination") pursuant to the Business Combination Agreement, by and among the Issuer, a wholly owned subsidiary of the Issuer, and Amprius Technologies Operating, Inc. ("Legacy Amprius") At the effective time of the Business Combination (the "Effective Time"), each Legacy Amprius option was converted into an option to purchase a number of shares of Common Stock of the Issuer equal to the product (rounded down to the nearest whole number) of (i) the number of shares of Legacy Amprius common stock subject to the Legacy Amprius option immediately prior to the Effective Time multiplied by (ii) an exchange ratio of approximately 1.45590, at an exercise price per share (rounded up to the nearest whole cent) equal to (A) the exercise price per share of such Legacy Amprius option immediately prior to the Effective Time divided by (B) the Exchange Ratio.
F3 1/48 of the total number of shares issuable upon exercise of the option vested on February 1, 2023, and 1/48 of the total number of shares issuable upon exercise of the option vest monthly thereafter until fully vested on January 1, 2027.