Michael E. Dee - 08 Jul 2021 Form 4 Insider Report for PureCycle Technologies, Inc. (PCT)

Reporting relationship: Chief Financial Officer
Issuer ticker: PCT
Reported as of: 08 Jul 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 12 Jul 2021, 20:45:44 UTC
Prior SEC filing: 21 Jun 2021
Next SEC filing: 19 Jul 2021
Source filing: View source filing
Reporting owner signature: /s/ Brad S. Kalter, as Attorney-in-Fact for Michael E. Dee

Key filing fact

Michael E. Dee filed Form 4 for PureCycle Technologies, Inc. (PCT) on 12 Jul 2021.

Key facts

This page summarizes Michael E. Dee's Form 4 filing for PureCycle Technologies, Inc. (PCT).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 12 Jul 2021, 20:45.

Change

Previous filing in this sequence was filed on 21 Jun 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PCT transaction

Common Stock

Award

Transaction value: $0
Shares: +18,107
Change %: +239%
Price: $0.000000
Shares after: 25,678
Date: 08 Jul 2021
Ownership: Direct
Footnotes: F1

PCT transaction

Common Stock

Award

Transaction value: $0
Shares: +1,000,000
Change %: +3894%
Price: $0.000000
Shares after: 1,025,678
Date: 08 Jul 2021
Ownership: Direct
Footnotes: F2

PCT transaction

Common Stock

Award

Transaction value: $0
Shares: +100
Change %: +0.01%
Price: $0.000000
Shares after: 1,025,778
Date: 08 Jul 2021
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PCT transaction Derivative

Performance Restricted Stock Units

Award

Transaction value: $0
Shares: +200,000
Change %
Price: $0.000000
Shares after: 200,000
Date: 08 Jul 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 200,000
Exercise price
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The restricted stock units were granted as part of the Company's 2021 long-term incentive plan grant cycle and are subject to vesting over four years with one quarter, rounded down to the nearest whole share of stock, vesting in each of the four periods.

Footnote F2

The restricted shares were granted in conjunction with the Reporting Person's offer of employment and are subject to the following vesting schedule: one-third of the restricted shares shall vest on September 17, 2021, one-third of the restricted shares shall vest on March 17, 2022, and one-third of the restricted shares shall vest on the date on which the Company's Ironton, Ohio plant becomes operational, as certified by Leidos in accordance with the Limited Offering Memorandum, dated September 23, 2020 (in connection with the bond offering by Southern Ohio Port Authority to PureCycle: Ohio LLC). Each vesting will be rounded down to the nearest whole share of stock at each of the three vesting periods.

Footnote F3

The shares of common stock were issued as a one-time award to each employee in recognition of the Company's being listed on the NASDAQ Exchange. The shares vest immediately upon grant.

Footnote F4

Each performance restricted stock unit represents a right to receive one share of the Company's common stock. The performance restricted stock units are subject to shall vest in full if the Market Value per Share is greater than $18.00 for any period of 20 trading days out of any 30 consecutive trading days within the period from September 17, 2021 through March 17, 2024.