Mary Beth Mandanas - Jul 19, 2021 Form 4 Insider Report for TortoiseEcofin Acquisition Corp. III (TRTL)

Role
Director
Signature
/s/ Mary Beth Mandanas, by Steven C. Schnitzer as Attorney-in-Fact
Stock symbol
TRTL
Transactions as of
Jul 19, 2021
Transactions value $
$0
Form type
4
Date filed
7/21/2021, 04:18 PM
Next filing
Feb 15, 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
transaction TRTL Class B Ordinary Shares Other $0 +40K $0.00 40K Jul 19, 2021 Class A Ordinary Shares 40K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B Ordinary Shares are automatically convertible into the Issuer's Class A Ordinary Shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. The Class B Ordinary Shares are subject to forfeiture under certain circumstances relating to Ms. Mandanas' service on the Issuer's Board of Directors.
F2 In connection with the Issuer's initial public offering and Ms. Mandanas' appointment to the Issuer's Board of Directors, the Issuer issued 40,000 Class B Ordinary Shares to Ms. Mandanas