Michael T. Flynn - Aug 13, 2021 Form 4 Insider Report for Airspan Networks Holdings Inc. (MIMO)

Role
Director
Signature
/s/ David Brant, Attorney-in-Fact
Stock symbol
MIMO
Transactions as of
Aug 13, 2021
Transactions value $
$0
Form type
4
Date filed
8/17/2021, 12:30 PM
Next filing
Nov 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIMO Common Stock Award +25.4K 25.4K Aug 13, 2021 Direct F1

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 MIMO Restricted Stock Units Award $0 +57.8K $0.00 57.8K Aug 13, 2021 Common Stock 57.8K Direct F2, F3
transaction MIMO Stock Option (right to buy) Award +7.33K 7.33K Aug 13, 2021 Common Stock 7.33K $1.94 Direct F4
transaction MIMO Stock Option (right to buy) Award +10.4K 10.4K Aug 13, 2021 Common Stock 10.4K $2.53 Direct F5
transaction MIMO Stock Option (right to buy) Award +8.33K 8.33K Aug 13, 2021 Common Stock 8.33K $2.53 Direct F6
transaction MIMO Stock Option (right to buy) Award +11.2K 11.2K Aug 13, 2021 Common Stock 11.2K $2.66 Direct F7
transaction MIMO Stock Option (right to buy) Award +23.5K 23.5K Aug 13, 2021 Common Stock 23.5K $3.36 Direct F8, F9
transaction MIMO Stock Option (right to buy) Award +29K 29K Aug 13, 2021 Common Stock 29K $5.42 Direct F10, F11
transaction MIMO Stock Option (right to buy) Award +29.4K 29.4K Aug 13, 2021 Common Stock 29.4K $3.96 Direct F12, F13
transaction MIMO Stock Option (right to buy) Award +13.5K 13.5K Aug 13, 2021 Common Stock 13.5K $6.29 Direct F14, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 4,396 restricted shares of Airspan Networks Inc. ("Legacy Airspan") common stock in connection with the merger of Artemis Merger Sub Corp. ("Merger Sub") with and into Legacy Airspan (the "Merger") pursuant to that certain Business Combination Agreement, dated as of March 8, 2021, by and among Airspan Networks Holdings Inc. (f/k/a New Beginnings Acquisition Corp.), Legacy Airspan and Merger Sub.
F2 Each restricted stock unit ("RSU") represents a right to receive one share of Airspan Networks Holdings Inc. common stock.
F3 The RSUs vest on the earliest to occur of (a) August 13, 2022, (b) Mr. Flynn's death, (c) Mr. Flynn's disability and (d) Mr. Flynn's qualifying separation, provided that Mr. Flynn continues to be a director of Airspan Networks Holdings Inc. through such date or event.
F4 Received in the Merger in exchange for a stock option to acquire 1,271 shares of Legacy Airspan common stock for $11.22 per share.
F5 Received in the Merger in exchange for a stock option to acquire 1,801 shares of Legacy Airspan common stock for $14.61 per share.
F6 Received in the Merger in exchange for a stock option to acquire 1,444 shares of Legacy Airspan common stock for $14.61 per share.
F7 Received in the Merger in exchange for a stock option to acquire 1,935 shares of Legacy Airspan common stock for $15.32 per share
F8 The stock option vests as to 25% on April 27, 2018, and in 36 equal monthly installments thereafter.
F9 Received in the Merger in exchange for a stock option to acquire 4,069 shares of Legacy Airspan common stock for $19.37 per share.
F10 The stock option vests as to 25% on January 29, 2020, and in 36 equal monthly installments thereafter.
F11 Received in the Merger in exchange for a stock option to acquire 5,027 shares of Legacy Airspan common stock for $31.26 per share.
F12 The stock option vests as to 25% on February 11, 2021, and in 36 equal monthly installments thereafter.
F13 Received in the Merger in exchange for a stock option to acquire 5,089 shares of Legacy Airspan common stock for $22.86 per share.
F14 The stock option vests as to 25% on January 28, 2022, and in 36 equal monthly installments thereafter.
F15 Received in the Merger in exchange for a stock option to acquire 2,346 shares of Legacy Airspan common stock for $36.30 per share.