Brian D. Finn - Jan 14, 2021 Form 3/A - Amendment Insider Report for Sarcos Technology & Robotics Corp (STRC)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
BRIAN D. FINN By: /s/ Brian D. Finn
Stock symbol
STRC
Transactions as of
Jan 14, 2021
Transactions value $
$0
Form type
3/A - Amendment
Date filed
4/14/2022, 05:34 PM
Date Of Original Report
Jan 14, 2021
Next filing
Apr 14, 2022

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 Class B Common Stock Jan 14, 2021 Class A Common Stock 6.9M By Rotor Sponsor LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of the Issuer's Class B Common Stock are automatically convertible into shares of the Issuer's Class A Common Stock at the time of the Issuer's initial business combination or earlier at the option of the holders thereof, in either case on a one-for-one basis, subject to certain adjustments. The Class B Common Stock has no expiration date.
F2 Includes up to 900,000 shares of Class B Common Stock that may be forfeited if the underwriters in the Issuer's initial public offering do not exercise the overallotment option in full.
F3 Securities are held by Rotor Sponsor LLC ("Sponsor") and indirectly by its managing member, Brian Finn, who is also the Issuer's Chief Executive Officer and a member of the Issuer's Board of Directors. Mr. Finn disclaims beneficial ownership of the securities held by Sponsor except to the extent of any pecuniary interest therein.

Remarks:

This Form 3/A is being filed to amend and restate the original Form 3 filed by the reporting persons on January 14, 2021 in connection with the initial public offering of Rotor Acquisition Corp. (the "Issuer") to correct an error in reporting the beneficial ownership of warrants to purchase Class A Common Stock. The warrants reported in the original Form 3 were not issued and outstanding as of the date of the event requiring the filing of the original Form 3 and should not have been included therein as securities beneficially owned by the reporting persons. On September 24, 2021, the Issuer completed its initial business combination and, in connection therewith, changed its name to Sarcos Technology and Robotics Corporation.