James Tumulty - Oct 27, 2021 Form 3 Insider Report for Seaport Calibre Materials Acquisition Corp. (SCMA)

Role
Chief Executive Officer, Director
Signature
/s/ Jim Tumulty
Stock symbol
SCMA
Transactions as of
Oct 27, 2021
Transactions value $
$0
Form type
3
Date filed
10/27/2021, 09:08 PM

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 SCMA Class B Common Stock Oct 27, 2021 Class A Common Stock 115K Direct F1, F2
holding SCMA Class B Common Stock Oct 27, 2021 Class A Common Stock 1.61M See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock 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" in the Issuer's registration statement on form S-1 (File No. 333-258024) (the "Registration Statement") and have no expiration date.
F2 Calibre Sponsor Sub, LLC ("Calibre Sub") is the record holder of the shares of Class B common stock reported herein. Calibre Group, LLC ("Calibre") is the Managing Member of Calibre Sub and has voting and investment discretion with respect to the common stock held of record by Calibre Sub. Mr. Tumulty is co-Manager of Calibre with Ed Siegel. Each of Calibre and Messrs. Tumulty and Siegel disclaim beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
F3 The shares of Class B common stock beneficially owned by the reporting person includes up to 15,065 shares held directly by Mr. Tumulty and 210,542 shares held by Calibre Sub subject to forfeiture to the extent the underwriters of the initial public offering of the Issuer's securities do not exercise in full their over-allotment option as described in the Registration Statement.