Andrew J. Littlefair - Dec 7, 2021 Form 4 Insider Report for Clean Energy Fuels Corp. (CLNE)

Role
CEO and President, Director
Signature
/s/ J. Nathan Jensen, Attorney-in-Fact, for Andrew Littlefair
Stock symbol
CLNE
Transactions as of
Dec 7, 2021
Transactions value $
$0
Form type
4
Date filed
12/9/2021, 03:34 PM
Previous filing
Oct 4, 2021
Next filing
Jan 4, 2022

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) Award $0 +250K $0.00 250K Dec 7, 2021 Common Stock 250K $6.77 Direct F1
transaction CLNE Stock Option (Right to Buy) Award $0 +250K $0.00 250K Dec 7, 2021 Common Stock 250K $6.77 Direct F2
transaction CLNE Stock Option (Right to Buy) Award $0 +1M $0.00 1M Dec 7, 2021 Common Stock 1M $6.77 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the total shares subject to the stock option award vest upon each achievement of a specific volume hurdle related to securing certain levels of gasoline gallon equivalents.
F2 34% of the total shares subject to the stock option award vest on the first anniversary of the date of grant, and 33% vest on each anniversary thereafter until the award is fully vested.
F3 100% of the total shares subject to the stock option award vest immediately, if at all, if the closing share price of the Issuer's common stock on the Nasdaq Stock Market LLC equals or exceeds $14.00 for 20 consecutive trading days.