Scott Parkes - Dec 28, 2022 Form 4 Insider Report for Archaea Energy Inc. (LFG)

Role
Director
Signature
/s/ Mitchell Athey, as Attorney-in-Fact
Stock symbol
LFG
Transactions as of
Dec 28, 2022
Transactions value $
$0
Form type
4
Date filed
12/28/2022, 02:38 PM
Previous filing
May 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LFG Class A Common Stock Disposed to Issuer -6.84K -100% 0 Dec 28, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Scott Parkes is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects all restricted stock units ("RSUs") of the Issuer held by the Reporting Person immediately prior to the Effective Time (as defined below).
F2 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.
F3 Pursuant to the Merger Agreement, each RSU reported hereby was, at the effective time of the Issuer Merger (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 the Issuer's Class A common stock, par value $0.0001 per share, subject to such RSU, as of immediately prior to the Effective Time, and (ii) $26.00.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney