Joy Weiss - 22 Nov 2022 Form 4 Insider Report for Tempo Automation Holdings, Inc.

Role
President & CEO, Director
Signature
/s/ Ryan Benton, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
22 Nov 2022
Net transactions value
$0
Form type
4
Filing time
25 Nov 2022, 14:17:53 UTC
Next filing
18 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMPO Common Stock Award +255,790 255,790 22 Nov 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 +5,328 5,328 22 Nov 2022 Common Stock 5,328 $0.2700 Direct F1, F3
transaction TMPO Stock Option Award +10,231 10,231 22 Nov 2022 Common Stock 10,231 $1.94 Direct F1, F3
transaction TMPO Stock Option Award +17,052 17,052 22 Nov 2022 Common Stock 17,052 $5.69 Direct F1, F3
transaction TMPO Stock Option Award +259,065 259,065 22 Nov 2022 Common Stock 259,065 $8.57 Direct F1, F3
transaction TMPO Stock Option Award +86,666 86,666 22 Nov 2022 Common Stock 86,666 $5.52 Direct F1, F3
transaction TMPO Stock Option Award +173,332 173,332 22 Nov 2022 Common Stock 173,332 $5.52 Direct F1, F4
* 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 Reflects 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 in 24 substantially equal monthly installments beginning on October 23, 2021.