Sara Sprung - 03 Jun 2022 Form 3 Insider Report for Atlas Crest Investment Corp. II

Role
Director
Signature
/s/Sara Sprung
Issuer symbol
N/A
Transactions as of
03 Jun 2022
Net transactions value
$0
Form type
3
Filing time
16 Jun 2022, 20:01:37 UTC
SEC
View on sec.gov

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 ACII.U Class B Common Stock 03 Jun 2022 Class A Common Stock 0 See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the registrant's registration statement on Form S-1 (File No. 333-251893) (the "Registration Statement") under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, will automatically convert into shares of Class A common stock, par value $0.0001 per share, at the time of the registrant's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
F2 The reporting person has an indirect pecuniary interest in shares of Class B common stock and private placement warrants, which warrants are not exercisable until 30 days following a business combination by the registrant, of the registrant through membership interests in Atlas Crest Investment II LLC, over which the reporting person does not have voting or dispositive control.

Remarks:

The reporting person has an indirect pecuniary interest in shares of Class B common stock and private placement warrants of the registrant, which are not exercisable until 30 days following a business combination by the registrant, through membership interests in Atlas Crest Investment LLC II, over which the reporting person does not have voting or dispositive control.