Ryan A. Benton - Nov 22, 2022 Form 4 Insider Report for Tempo Automation Holdings, Inc. (TMPO)

Role
CFO & Secretary, Director
Signature
/s/ Ryan Benton
Stock symbol
TMPO
Transactions as of
Nov 22, 2022
Transactions value $
$0
Form type
4
Date filed
11/25/2022, 02:13 PM
Next filing
Jan 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMPO Common Stock Award +291K 291K Nov 22, 2022 Direct F1, F2

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 TMPO Stock Option Award +44.1K 44.1K Nov 22, 2022 Common Stock 44.1K $5.52 Direct F1, F3
transaction TMPO Stock Option Award +132K 132K Nov 22, 2022 Common Stock 132K $5.52 Direct F1, F4
transaction TMPO Stock Option Award +47K 47K Nov 22, 2022 Common Stock 47K $8.86 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the business combination of ACE Convergence Acquisition Corp. and Tempo Automation, Inc. ("Legacy Tempo"), as contemplated by an agreement and plan of merger, dated August 12, 2022 and as amended on September 7, 2022 and September 23, 2022 (amended, the "Merger Agreement"), each share of common stock, stock option and award of restricted stock unit of Legacy Tempo was cancelled and automatically converted into the right to receive securities of the Issuer with the same terms and conditions in accordance with an exchange ratio described in the Merger Agreement.
F2 Includes 255,790 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock and does not expire.
F3 The stock option is fully vested and exercisable.
F4 The stock option vests and is exercisable as to 25% of the underlying shares on July 13, 2021, and as to the remaining underlying shares in 36 substantially equal monthly installments thereafter.
F5 The stock option vests and is exercisable as to 25% of the underlying shares on July 2, 2022, and as to the remaining underlying shares in 36 substantially equal monthly installments thereafter.