Robert M. Vreeland - Dec 7, 2021 Form 4 Insider Report for Clean Energy Fuels Corp. (CLNE)

Role
Chief Financial Officer
Signature
/s/ J. Nathan Jensen, Attorney-in-Fact, for Robert Vreeland
Stock symbol
CLNE
Transactions as of
Dec 7, 2021
Transactions value $
$0
Form type
4
Date filed
12/9/2021, 03:36 PM
Previous filing
Jun 16, 2021
Next filing
Jan 24, 2023

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 +150K $0.00 150K Dec 7, 2021 Common Stock 150K $6.77 Direct F1
transaction CLNE Stock Option (Right to Buy) Award $0 +150K $0.00 150K Dec 7, 2021 Common Stock 150K $6.77 Direct F2
transaction CLNE Stock Option (Right to Buy) Award $0 +375K $0.00 375K Dec 7, 2021 Common Stock 375K $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.