Eric T. Olson - Sep 24, 2021 Form 3 Insider Report for Sarcos Technology & Robotics Corp (STRC)

Role
Director
Signature
/s/ Julie Wolff, Attorney-in-fact on behalf of Eric T. Olson
Stock symbol
STRC
Transactions as of
Sep 24, 2021
Transactions value $
$0
Form type
3
Date filed
9/24/2021, 05:26 PM
Previous filing
Jul 9, 2021
Next filing
Oct 5, 2021

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
holding STRC Stock Option (right to buy) Sep 24, 2021 Common Stock 103K $0.42 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 100% of the shares fully vested on December 12, 2020.
F2 Reflects options to purchase shares of common stock of Sarcos Technology and Robotics Corporation ("Sarcos"), acquired on September 24, 2021, 2021, upon the completion of the merger (the "Business Combination") pursuant to the Agreement and Plan of Merger, dated as of April 5, 2021, as amended on August 28, 2021, by and among Sarcos, Rotor Merger Sub Corp. and Rotor Acquisition Corp. (the "Merger Agreement").
F3 At the effective time of the Business Combination (the "Effective Time"), each share of Sarcos Corp. common stock outstanding immediately prior to the Effective Time was converted into the right to receive approximately 5.129222424 shares of the common stock of Sarcos, subject to rounding.