Michael Stuart Klein - Jul 7, 2021 Form 3 Insider Report for AltC Acquisition Corp. (ALCC)

Role
Chairman, Director, 10%+ Owner
Signature
/s/ Michael Klein
Stock symbol
ALCC
Transactions as of
Jul 7, 2021
Transactions value $
$0
Form type
3
Date filed
7/7/2021, 09:57 PM
Previous filing
Jun 14, 2021
Next filing
Jul 2, 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
holding ALCC Class B common stock, par value $0.0001 per share Jul 7, 2021 Class A common stock, par value $0.0001 per share 12.5M See Footnotes F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares of AltC Acquisition Corp. (the "Issuer") are directly held by AltC Sponsor LLC and include 1,250,000 shares of Class B common stock that are subject to forfeiture if the underwriters of the Issuer's initial public offering do not exercise in full an option granted to them to cover over-allotments. Pursuant to the Issuer's Amended and Restated Certificate of Incorporation, the shares of Class B common stock will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the Issuer at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment as described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-254263) The shares of Class B common stock have no expiration date.
F2 Michael Klein is the controlling stockholder of M. Klein Associates, Inc. which is the managing member of AltC Sponsor LLC.