Eric Bowen - 13 Jun 2022 Form 4 Insider Report for Renewable Energy Group, Inc.

Reporting relationship: Former Gen Counsel & Secretary
Issuer ticker: N/A
Reported as of: 13 Jun 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 14 Jun 2022, 12:36:14 UTC
Prior SEC filing: 28 Mar 2022
Next SEC filing: 11 Sep 2024
Source filing: View source filing
Reporting owner signature: /s/ Eric Bowen

Key filing fact

Eric Bowen filed Form 4 for Renewable Energy Group, Inc. on 14 Jun 2022.

Key facts

This page summarizes Eric Bowen's Form 4 filing for Renewable Energy Group, Inc..
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 14 Jun 2022, 12:36.

Change

Previous filing in this sequence was filed on 28 Mar 2022.
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.

REGI transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -3,938
Change %: -6.8%
Price
Shares after: 53,720
Date: 13 Jun 2022
Ownership: Direct
Footnotes: F1, F2

REGI transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -53,720
Change %: -100%
Price
Shares after: 0
Date: 13 Jun 2022
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

REGI transaction Derivative

Performance Rights

Disposed to Issuer

Transaction value
Shares: -8,545
Change %: -100%
Price
Shares after: 0
Date: 13 Jun 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,545
Exercise price
Footnotes: F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Eric Bowen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

These shares represent the amount of restricted stock units ("RSUs") that will vest according to the original RSU agreement and then will be cancelled and converted into the right to receive an amount of cash equal to $61.50 per share in accordance with the Agreement and Plan of Merger (the "Merger Agreement"), dated February 27, 2022, between Renewable Energy Group, Inc. (the "Company"), Chevron Corporation ("Parent") and Cyclone Merger Sub ("Merger Sub"), a copy of which is filed as Exhibit 2.1 to the Company's Form 8-K filed with the SEC on February 28, 2022, and by which the Company became a wholly-owned subsidiary of Parent. These RSUs were settled one for one in common stock of the Company.

Footnote F2

Outstanding shares of common stock of the Company were converted into the right to receive $61.50 per share in cash, without interest thereon and subject to any required tax withholding (the "Merger Consideration"), in accordance with the Merger Agreement.

Footnote F3

These shares represent the amount of performance-based restricted stock units ("PRSUs") that will vest in accordance with the original PRSU agreements based on the achievement of the performance criteria. On the vesting dates, the shares will be cancelled and converted into the right to receive the Merger Consideration in accordance with the Merger Agreement.

SEC remarks

This "Exit" Form 4 is voluntarily filed to report that the Reporting Person is no longer serving in the role as the Company's General Counsel and Secretary, effective as of June 13, 2022, and therefore is no longer subject to Section 16 reporting.