William J. Clinton - 28 Oct 2022 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
28 Oct 2022
Net transactions value
$0
Form type
4
Filing time
01 Nov 2022, 16:07:32 UTC
Previous filing
19 Jul 2021
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 -100% $0.000000* 0 28 Oct 2022 Class A Ordinary Shares 40,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William J. Clinton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 Mr. Clinton's resignation from the Issuer's Board of Directors, 40,000 Class B Ordinary Shares were forfeited to the Issuer by Mr. Clinton.