Ryan Popple - 14 Jun 2021 Form 4 Insider Report for ArcLight Clean Transition Corp.

Role
Director
Signature
/s/ Joshua Damm, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
14 Jun 2021
Net transactions value
$0
Form type
4
Filing time
16 Jun 2021, 20:46:11 UTC
Next filing
30 Jun 2021
SEC
View on sec.gov

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 PTRA Stock Option (Right to Buy) Award +378,174 378,174 14 Jun 2021 Common Stock 378,174 $1.33 Direct F1, F2
transaction PTRA Stock Option (Right to Buy) Award +1,257,671 1,257,671 14 Jun 2021 Common Stock 1,257,671 $1.33 Direct F1, F2
transaction PTRA Stock Option (Right to Buy) Award +2,789 2,789 14 Jun 2021 Common Stock 2,789 $1.33 Direct F1, F2
transaction PTRA Stock Option (Right to Buy) Award +41,835 41,835 14 Jun 2021 Common Stock 41,835 $1.33 Direct F1, F2
transaction PTRA Stock Option (Right to Buy) Award +58,381 58,381 14 Jun 2021 Common Stock 58,381 $2.01 Direct F1, F2
transaction PTRA Stock Option (Right to Buy) Award +1,694,264 1,694,264 14 Jun 2021 Common Stock 1,694,264 $2.01 Direct F2, F3
transaction PTRA Stock Option (Right to Buy) Award +208,210 208,210 14 Jun 2021 Common Stock 208,210 $4.26 Direct F1, F2
transaction PTRA Stock Option (Right to Buy) Award +223,125 223,125 14 Jun 2021 Common Stock 223,125 $5.41 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option is fully vested.
F2 Pursuant to the business combination of ArcLight Clean Transition Corp. and Proterra Inc ("Old Proterra"), each share of Old Proterra outstanding common stock was automatically converted into the right to 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 awards.
F3 88% of this option vested and became exercisable on March 16, 2020, with the remainder vesting in equal quarterly installments thereafter until March 16, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date.