Bruce Tyler Bennett - Jan 7, 2022 Form 4 Insider Report for Benson Hill, Inc. (BHIL)

Role
President, Ingredients
Signature
/s/ Yevgeny Fundler, Attorney-in-Fact
Stock symbol
BHIL
Transactions as of
Jan 7, 2022
Transactions value $
$0
Form type
4
Date filed
1/11/2022, 04:48 PM
Previous filing
Oct 8, 2021
Next filing
Mar 22, 2022

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 BHIL Restricted Stock Units Award $0 +91.9K $0.00 91.9K Jan 7, 2022 Common Stock, $0.0001 par value per share 91.9K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F2 Granted on January 7, 2022. The restricted stock units are subject to time and performance vesting over a five year period beginning on September 29, 2021 (the "Vesting Start Date"). The restricted stock units will time vest in full on the third anniversary of the Vesting Start Date, and performance vest as to (i) 50% if and when the volume-weighted average price per share of the Issuer's common stock over 30 consecutive trading days (the "30-day VWAP") at any time on or after the first anniversary of the Vesting Start Date but on or prior to the third anniversary of the Vesting Start Date, equals or exceeds $15.00, and (ii) 50% if and when the 30-day VWAP at any time on or after the first anniversary of the Vesting Start Date but on or prior to the fifth anniversary of the Vesting Start Date, equals or exceeds $20.00, provided that,
F3 (continued from footnote 2) if the 30-day VWAP target in clause (i) is not achieved by the third anniversary of the Vesting Start Date, such 30-day VWAP target will be increased by 10% and the applicable 50% tranche of the restricted stock units with respect to that 30-day VWAP target (as increased) will vest if and when such increased 30-day VWAP target is achieved at any time within the 12-month period following the third anniversary of the Vesting Start Date.