Mitchell W. Pratt - Sep 17, 2021 Form 4 Insider Report for Clean Energy Fuels Corp. (CLNE)

Signature
/s/ J. Nathan Jensen, Attorney-in-Fact, for Mitchell Pratt
Stock symbol
CLNE
Transactions as of
Sep 17, 2021
Transactions value $
$138,497
Form type
4
Date filed
9/21/2021, 05:13 PM
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLNE Common Stock Options Exercise $28.1K +12.9K +1.81% $2.19 722K Sep 17, 2021 By Family Trust
transaction CLNE Common Stock Options Exercise $44.7K +17.4K +2.42% $2.56 739K Sep 17, 2021 By Family Trust
transaction CLNE Common Stock Options Exercise $65.7K +30K +4.06% $2.19 769K Sep 20, 2021 By Family Trust

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 CLNE Stock Option (Right to Buy) Options Exercise $0 -12.9K -50.75% $0.00 12.5K Sep 17, 2021 Common Stock 12.9K $2.19 By Family Trust F2
transaction CLNE Stock Option (Right to Buy) Options Exercise $0 -17.4K -34% $0.00 33.9K Sep 17, 2021 Common Stock 17.4K $2.56 By Family Trust F1
transaction CLNE Stock Option (Right to Buy) Options Exercise $0 -30K -34.01% $0.00 58.2K Sep 20, 2021 Common Stock 30K $2.19 By Family Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 34% of the total shares subject to stock option award, vested on the first anniversary of the date of grant, and 33% vest on each anniversary thereafter until the award is fully vested.
F2 The remaining shares subject to the stock option award vest on the third anniversary of the grant date if, as of such date, the applicable Volume Hurdle has been achieved. For this purpose, the "Volume Hurdle" will have been achieved if, as of the applicable vesting date, the volume of gasoline gallon equivalents of natural gas delivered by the Issuer in its most recently completed fiscal year has increased by 10% or more relative to the volume of gasoline gallon equivalents of natural gas delivered by the Issuer in the fiscal year immediately preceding the Issuer's most recently completed fiscal year.