Daniel Jacobi - 29 Sep 2021 Form 3/A - Amendment Insider Report for Benson Hill, Inc. (BHILQ)

Role
Director
Signature
/s/ Yevgeny Fundler, Attorney-in-Fact
Issuer symbol
BHILQ
Transactions as of
29 Sep 2021
Net transactions value
$0
Form type
3/A - Amendment
Filing time
15 Dec 2021, 14:23:51 UTC
Date Of Original Report
08 Oct 2021
Next filing
31 Mar 2023

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
holding BHIL Common Stock Option (right to buy) 29 Sep 2021 Common Stock 10,754 $0.1500 Direct F1
holding BHIL Common Stock Option (right to buy) 29 Sep 2021 Common Stock 10,574 $0.1500 Direct F2
holding BHIL Common Stock Option (right to buy) 29 Sep 2021 Common Stock 21,508 $0.4900 Direct F3
holding BHIL Common Stock Option (right to buy) 29 Sep 2021 Common Stock 172,064 $1.10 Direct F4
holding BHIL Common Stock Option (right to buy) 29 Sep 2021 Common Stock 10,754 $0.4900 Direct F5
holding BHIL Common Stock Option (right to buy) 29 Sep 2021 Common Stock 172,064 $1.99 Direct F6
holding BHIL Earn Out Awards 29 Sep 2021 Common Stock 53,924 Direct F7, F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted on November 1, 2016. The common stock options fully vested on October 31, 2017.
F2 Granted on November 1, 2015. The common stock options fully vested on November 1, 2016.
F3 Granted on April 1, 2017. The common stock options fully vested on April 1, 2021.
F4 Granted on October 1, 2018. The common stock options fully vested on October 1, 2020.
F5 Granted on November 1, 2017. The common stock options vest in equal yearly installments over four years until fully vested on November 1, 2021.
F6 Granted on January 25, 2021. The common stock options vest in equal quarterly installments over one year until fully vested on October 1, 2022.
F7 In footnote 7 of the reporting person's prior filing, we inadvertently referred to 30,606 restricted stock units, rather than 53,294, as was properly reported in the body of the filing itself.
F8 On September 29, 2021 (the "Closing Date"), the reporting person was granted 53,294 restricted stock units as Earn Out Awards in connection with the consummation of the business combination pursuant to the terms of the merger agreement dated as of May 8, 2021 by and among Star Peak Corp II (the Issuer's predecessor), STPC Merger Sub Corp and Benson Hill, Inc. (n/k/a Benson Hill Holdings, Inc.).
F9 The restricted stock units vest (i) one-half if the dollar volume-weighted average closing price is greater than or equal to $14.00 over any 20 trading days within any 30 consecutive trading day period; and (ii) one-half if the dollar volume-weighted average closing price is greater than or equal to $16.00 over any 20 trading days within any 30 consecutive trading day period. Any restricted stock units that do not vest within three years of the Closing Date will be forfeited and canceled. Settlement will generally occur within 10 days of vesting and may at the discretion of the plan administrator be settled in each or partly in cash and partly in shares.
F10 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.