William J. Clinton - 19 Jul 2021 Form 4 Insider Report for TortoiseEcofin Acquisition Corp. III

Role: Director
Signature: /s/ William J. Clinton, by Steven C. Schnitzer as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 19 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 21 Jul 2021, 16:20:19 UTC
Next filing: 01 Nov 2022
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	TRTL	Class B Ordinary Shares	Other	$0	+40,000		$0.000000	40,000	19 Jul 2021	Class A Ordinary Shares	40,000		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 Mr. Clinton's service on the Issuer's Board of Directors.
F2	In connection with the Issuer's initial public offering and Mr. Clinton's appointment to the Issuer's Board of Directors, the Issuer issued 40,000 Class B Ordinary Shares to Mr. Clinton.

Content

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 Mr. Clinton's service on the Issuer's Board of Directors.

In connection with the Issuer's initial public offering and Mr. Clinton's appointment to the Issuer's Board of Directors, the Issuer issued 40,000 Class B Ordinary Shares to Mr. Clinton.