| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LFG | Class A Common Stock | Disposed to Issuer | -$156K | -6K | -100% | $26.00 | 0 | Dec 28, 2022 | Direct | F1, F2 |
| transaction | LFG | Class A Common Stock | Disposed to Issuer | -87.8K | -100% | 0 | Dec 28, 2022 | Direct | F1, F3, F4, F5, F6 | ||
| transaction | LFG | Class B Common Stock | Disposed to Issuer | $0 | -148K | -100% | $0.00* | 0 | Dec 28, 2022 | Direct | F1, F7 |
| transaction | LFG | Class B Common Stock | Disposed to Issuer | $0 | -1.64M | -100% | $0.00* | 0 | Dec 28, 2022 | By McCarthy Biogas Holdings LLC | F1, F7, F8 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LFG | Class A Units of LFG Acquisition Holdings LLC | Disposed to Issuer | -$3.85M | -148K | -100% | $26.00 | 0 | Dec 28, 2022 | Class A Common Stock | 148K | Direct | F1, F9 | |
| transaction | LFG | Class A Units of LFG Acquisition Holdings LLC | Disposed to Issuer | -$42.6M | -1.64M | -100% | $26.00 | 0 | Dec 28, 2022 | Class A Common Stock | 1.64M | By McCarthy Biogas Holdings LLC | F1, F8, F9 | |
| transaction | LFG | Warrants | Disposed to Issuer | -$5.66M | -316K | -100% | $17.91 | 0 | Dec 28, 2022 | Class A Common Stock | 316K | $11.50 | Direct | F1, F10 |
Brian F. McCarthy is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Pursuant to the Agreement and Plan of Merger, dated October 16, 2022 (the "Merger Agreement"), by and among the Issuer, LFG Acquisition Holdings LLC ("Opco"), BP Products North America Inc. ("Parent"), Condor RTM Inc. ("Merger Sub") and Condor RTM LLC ("Opco Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent (the "Issuer Merger"), and Opco Merger Sub merged with and into Opco, with Opco continuing as the surviving company and a wholly owned subsidiary of Parent (the "Opco Merger"). |
| F2 | At the effective time of the Issuer Merger (the "Effective Time"), each share of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), that was issued and outstanding as of immediately prior to the Effective Time (other than Owned Company Shares or Dissenting Company Shares, each as defined in the Merger Agreement) was automatically canceled, extinguished and converted into the right to receive $26.00 in cash, without interest (the "Per Share Price"). |
| F3 | Reflects all restricted stock units ("RSUs") and all performance-based restricted stock units ("PSUs") (assuming achievement at target performance) of the Issuer held by the Reporting Person immediately prior to the Effective Time. |
| F4 | Pursuant to the Merger Agreement, 50% of the RSUs and PSUs reported hereby (each, a "Deemed Vested RSU" or a "Deemed Vested PSU," respectively) were, at the Effective Time, automatically canceled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (i) the total number of shares of Class A Common Stock subject to such Deemed Vested RSU or such Deemed Vested PSU (with such Deemed Vested PSU being deemed achieved at maximum performance), respectively, as of immediately prior to the Effective Time, and (ii) the Per Share Price. |
| F5 | Pursuant to the Merger Agreement, each RSU reported hereby that was outstanding immediately prior to the Effective Time and not a Deemed Vested RSU (an "Unvested RSU") and each PSU reported hereby that was outstanding immediately prior to the Effective Time and not a Deemed Vested PSU (an "Unvested PSU") was, at the Effective Time, automatically canceled and converted into an award representing the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (i) the total number of shares of Class A Common Stock subject to such Unvested RSU or such Unvested PSU (with such Unvested PSU being deemed achieved at maximum performance), respectively, as of immediately prior to the Effective Time (a "Deferred Cash RSU Award" or "Deferred Cash PSU Award," respectively), and (ii) the Per Share Price. |
| F6 | Each Deferred Cash RSU Award or Deferred Cash PSU Award will, subject to the holder's continued service with Parent or its affiliates through the applicable vesting dates, vest and be payable on the earlier of (i) the same time as the Unvested RSU or Unvested PSU for which the Deferred Cash RSU Award or Deferred Cash PSU Award, respectively, was exchanged would have vested and been payable pursuant to its service-based vesting schedule and (ii) December 28, 2023, in each case, subject to full accelerated vesting upon a termination of employment with Parent or its affiliates without "cause" or a resignation for "good reason." |
| F7 | Pursuant to the Merger Agreement, at the Effective Time, each share of the Issuer's Class B common stock, par value $0.0001 per share ("Class B Common Stock"), was automatically canceled and extinguished without any conversion thereof or consideration paid therefor. |
| F8 | McCarthy Biogas Holdings LLC is a limited liability company controlled by Mr. McCarthy. As such, Mr. McCarthy may have been deemed to have had beneficial ownership of the securities held of record by McCarthy Biogas Holdings LLC. Mr. McCarthy disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have had therein, directly or indirectly. |
| F9 | Prior to the Effective Time, the Class A Units of Opco (each, an "Opco Unit") (together with the corresponding shares of Class B Common Stock) were exchangeable into shares of Class A Common Stock on a one-for-one basis and had no expiration date. At the effective time of the Opco Merger (the "Opco Merger Effective Time"), pursuant to the Merger Agreement, each Opco Unit held by a holder other than the Issuer or any of its subsidiaries issued and outstanding as of immediately prior to the Opco Merger Effective Time was automatically canceled, extinguished and converted into the right to receive cash in an amount equal to the Per Share Price. |
| F10 | Pursuant to that certain Amendment No. 1 to Warrant Agreement, dated as of October 16, 2022, by and among the Issuer, Opco and Continental Stock Transfer & Trust Company (the "Warrant Agent"), which amended the Warrant Agreement, dated as of October 21, 2020 (the "Warrant Agreement"), by and among the Issuer (formerly known as Rice Acquisition Corp.), Opco (formerly known as Rice Acquisition Holdings LLC) and the Warrant Agent, immediately following the Opco Merger Effective Time, each warrant of the Issuer that was issued and outstanding immediately prior to the Effective Time was automatically redeemed for the right to receive an amount in cash equal to $17.91, which is equal to (i) the Per Share Price minus (ii) the Warrant Price (as defined in the Warrant Agreement) as reduced pursuant to the calculation provided in Section 4.4 of the Warrant Agreement, without interest. |