David B. Jansen - 08 Dec 2021 Form 4 Insider Report for Decarbonization Plus Acquisition Corp III (SLDP)

Reporting relationship: President, Director
Issuer ticker: SLDP
Reported as of: 08 Dec 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 08 Dec 2021, 18:55:30 UTC
Next SEC filing: 13 May 2022
Source filing: View source filing
Reporting owner signature: /s/ James Liebscher, attorney-in-fact on behalf of David B. Jansen

Key filing fact

David B. Jansen filed Form 4 for Decarbonization Plus Acquisition Corp III (SLDP) on 08 Dec 2021.

Key facts

This page summarizes David B. Jansen's Form 4 filing for Decarbonization Plus Acquisition Corp III (SLDP).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 08 Dec 2021, 18:55.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SLDP transaction

Common Stock

Award

Transaction value
Shares: +795,495
Change %
Price
Shares after: 795,495
Date: 08 Dec 2021
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SLDP transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares: +1,590,990
Change %
Price
Shares after: 1,590,990
Date: 08 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,590,990
Exercise price: $0.0300
Footnotes: F3

SLDP transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares: +1,272,791
Change %: +80%
Price
Shares after: 2,863,781
Date: 08 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,272,791
Exercise price: $5.02
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Reflects shares of Common Stock, par value $0.0001, of the Issuer acquired upon the completion of the merger (the "Merger") pursuant to the as amended Business Combination Agreement and Plan of Reorganization, by and among the Issuer, a wholly owned subsidiary of the Issuer, and Solid Power, Inc. ("Solid Power"). At the effective time of the Merger (the "Effective Time"), each share of Solid Power common stock issued and outstanding immediately prior to the Effective Time was canceled and converted into the right to receive the number of shares of Common Stock of the Issuer equal to an exchange ratio calculated at closing (the "Exchange Ratio").

Footnote F2

In connection with the Merger, at the Effective Time, each share of Solid Power common stock issued and outstanding immediately prior to the Effective Time was canceled and converted into the right to receive the number of shares of Common Stock of the Issuer equal to the Exchange Ratio.

Footnote F3

At the Effective Time, each Solid Power 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 (x) the number of shares of Solid Power Common Stock subject to such Solid Power Option immediately prior to the Effective Time and (y) the Exchange Ratio, at an exercise price per share (rounded up to the nearest whole cent) equal to (A) the exercise price per share of such Solid Power Option immediately prior to the Effective Time divided by (B) the Exchange Ratio.

Footnote F4

25% of the shares issuable upon exercise of the option will vest on August 3, 2022, and 1/36 of the remaining shares issuable upon exercise of the option will vest monthly thereafter.