BP Technology Ventures Inc. - May 6, 2021 Form 3 Insider Report for Lightning eMotors, Inc. (ZEV)

Role
10%+ Owner
Signature
/s/ Susan Baur, Vice President, on behalf of BP TECHNOLOGY VENTURES INC
Stock symbol
ZEV
Transactions as of
May 6, 2021
Transactions value $
$0
Form type
3
Date filed
5/13/2021, 05:41 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ZEV Common Stock 22.9M May 6, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities were acquired by the Reporting Persons pursuant to the Business Combination Agreement among the entity previously known as Lightning Systems, Inc., a privately held Delaware corporation, the Issuer (previously known as GigCapital3, Inc.), and Project Power Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Issuer.
F2 In connection with the Business Combination Agreement, 15,974,587 shares of New Lightning eMotors Common Stock were issued in exchange for Lightning Systems Common Stock received upon the automatic conversion of pre-merger Lightning Systems preferred stock, 398,987 shares of New Lightning eMotors Common Stock issued in exchange for Lightning Systems Common Stock received upon the automatic conversion of pre-merger Lightning Systems preferred stock dividends, 934,926 shares of New Lightning eMotors Common Stock issued in exchange for Lightning Systems Common Stock received upon the automatic conversion of pre-merger Lightning eMotors convertible notes, 3,116,996 shares of New Lightning eMotors Common Stock issuable upon exercise of pre-merger Lightning Systems warrants, assuming cashless exercise, and 2,500,000 shares of New Lightning eMotors Common Stock purchased in connection with the PIPE Subscription Agreement.
F3 These securities are directly held by BP Technology Ventures, Inc., an investment holding vehicle incorporated in Delaware. BP Technology Ventures, Inc. is owned 100% by BP Corporation North America Inc., which is owned 100% by BP America Inc.