Jochen M. Goetz - Jun 14, 2021 Form 4 Insider Report for ArcLight Clean Transition Corp. (PTRA)

Role
Director
Signature
/s/ Joshua Damm, Attorney-in-Fact
Stock symbol
PTRA
Transactions as of
Jun 14, 2021
Transactions value $
$0
Form type
4
Date filed
6/16/2021, 08:17 PM
Next filing
Aug 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTRA Common Stock Award +2M 2M Jun 14, 2021 See Footnote F1, F2
transaction PTRA Common Stock Award +7.41M +370.41% 9.41M Jun 14, 2021 See Footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the closing of the business combination (the "Business Combination") of ArcLight Clean Transition Corp. ("ArcLight") and Proterra Inc ("Old Proterra"), Daimler Trucks & Buses US Holdings Inc. ("DTBUS") acquired shares of the Issuer's common stock at a price of $10.00 per share on the terms and conditions set forth in certain subscription agreements.
F2 DTBUS is the record holder of the securities reported herein. Mr. Goetz is the DTBUS designee to the Issuer's board of directors, and is employed by Daimler Truck AG, the parent company of DTBUS. Mr. Goetz is a member of various M&A approval bodies at Daimler AG and its subsidiaries, and as a result may, directly or indirectly, have voting and dispositive control over the shares held by DTBUS.
F3 Pursuant to the Business Combination, each share of Old Proterra outstanding common stock was automatically converted into the right to receive shares of the Issuer's Common Stock based on a 1 to 0.8925 conversion ratio ("Conversion Ratio"). In addition, each outstanding Old Proterra equity award was automatically converted into a corresponding equity award of the Issuer based on the Conversion Ratio and with the same terms and vesting conditions as the Old Proterra equity award.