Joan Robinson-Berry - Jun 14, 2021 Form 4/A - Amendment Insider Report for Proterra Inc (PTRA)

Role
Director
Signature
/s/ Luke Finn, Attorney-in-Fact
Stock symbol
PTRA
Transactions as of
Jun 14, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
12/1/2021, 06:35 PM
Date Of Original Report
Jun 16, 2021
Next filing
Jul 22, 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
transaction PTRA Employee stock option (right to buy) Disposed to Issuer -36.9K -50% 36.9K Nov 29, 2021 Common Stock 36.9K $10.01 Direct F1, F2
transaction PTRA Employee stock option (right to buy) Award +36.9K 36.9K Nov 29, 2021 Common Stock 36.9K $12.25 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option vests as of 1/48 of the total shares monthly beginning on May 13, 2021 until fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F2 In a Form 4 filed on June 16, 2021, the reporting person reported that, on June 14, 2021, an employee stock option she had previously been granted was automatically converted into an employee stock option covering 36,880 shares of common stock of the Issuer, having an exercise price of $10.01 a share. It was subsequently determined that the exercise price of the option was less than the market price of the Issuer's common stock on the grant date, which was $12.25 a share. To avoid adverse tax consequences, the reporting person and the Issuer agreed to amend the option to provide that the option will have an exercise price of $12.25 a share. The amendment of the option is reported in this Form 4 as a cancellation of the original option and the grant of a replacement option.