Kyle Derham - 28 Dec 2022 Form 4 Insider Report for Archaea Energy Inc.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
28 Dec 2022, 14:37:14 UTC
Prior SEC filing
13 May 2022
Next SEC filing
12 Jun 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Mitchell Athey, as Attorney-in-Fact

Key filing fact

Kyle Derham filed Form 4 for Archaea Energy Inc. on 28 Dec 2022.

Key facts

  • This page summarizes Kyle Derham's Form 4 filing for Archaea Energy Inc..
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 28 Dec 2022, 14:37.

Change

  • Previous filing in this sequence was filed on 13 May 2022.
  • Current net transaction value: -$54,636,479.

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.

LFG transaction

Class A Common Stock

Disposed to Issuer

Transaction value
$1,006,590
Shares
-38,715
Change %
-100%
Price
$26.00
Shares after
0
Date
28 Dec 2022
Ownership
Direct
Footnotes
F1, F2, F3, F4
LFG transaction

Class B Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-1,035,688
Change %
-100%
Price
$0.000000*
Shares after
0
Date
28 Dec 2022
Ownership
Direct
Footnotes
F2, F5

Reported derivative securities

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

LFG transaction Derivative

Class A Units of LFG Acquisition Holdings LLC

Disposed to Issuer

Transaction value
$26,927,888
Shares
-1,035,688
Change %
-100%
Price
$26.00
Shares after
0
Date
28 Dec 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,035,688
Exercise price
Footnotes
F2, F6
LFG transaction Derivative

Warrants

Disposed to Issuer

Transaction value
$26,702,001
Shares
-1,490,899
Change %
-100%
Price
$17.91
Shares after
0
Date
28 Dec 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,490,899
Exercise price
$11.50
Footnotes
F2, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 7 footnotes

Footnote F1

Includes 6,838 restricted stock units ("RSUs") of the Issuer held by the Reporting Person immediately prior to the Effective Time (as defined below).

Footnote F2

Pursuant to the Agreement and Plan of Merger, dated October 16, 2022 (the "Merger Agreement"), by and among the Issuer, LFG Acquisition Holdings LLC ("Opco"), BP Products North America Inc. ("Parent"), Condor RTM Inc. ("Merger Sub") and Condor RTM LLC ("Opco Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent (the "Issuer Merger"), and Opco Merger Sub merged with and into Opco, with Opco continuing as the surviving company and a wholly owned subsidiary of Parent (the "Opco Merger").

Footnote F3

At the effective time of the Issuer Merger (the "Effective Time"), each share of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), that was issued and outstanding as of immediately prior to the Effective Time (other than Owned Company Shares or Dissenting Company Shares, each as defined in the Merger Agreement) was automatically canceled, extinguished and converted into the right to receive $26.00 in cash, without interest (the "Per Share Price").

Footnote F4

Pursuant to the Merger Agreement, each RSU reported hereby was, at the Effective Time, automatically canceled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (i) the total number of shares of Class A Common Stock subject to such RSU, as of immediately prior to the Effective Time, and (ii) the Per Share Price.

Footnote F5

Pursuant to the Merger Agreement, at the Effective Time, each share of the Issuer's Class B common stock, par value $0.0001 per share ("Class B Common Stock"), was automatically canceled and extinguished without any conversion thereof or consideration paid therefor.

Footnote F6

Prior to the Effective Time, the Class A Units of Opco (each, an "Opco Unit") (together with the corresponding shares of Class B Common Stock) were exchangeable into shares of Class A Common Stock on a one-for-one basis and had no expiration date. At the effective time of the Opco Merger (the "Opco Merger Effective Time"), pursuant to the Merger Agreement, each Opco Unit held by a holder other than the Issuer or any of its subsidiaries issued and outstanding as of immediately prior to the Opco Merger Effective Time was automatically canceled, extinguished and converted into the right to receive cash in an amount equal to the Per Share Price.

Footnote F7

Pursuant to that certain Amendment No. 1 to Warrant Agreement, dated as of October 16, 2022, by and among the Issuer, Opco and Continental Stock Transfer & Trust Company (the "Warrant Agent"), which amended the Warrant Agreement, dated as of October 21, 2020 (the "Warrant Agreement"), by and among the Issuer (formerly known as Rice Acquisition Corp.), Opco (formerly known as Rice Acquisition Holdings LLC) and the Warrant Agent, immediately following the Opco Merger Effective Time, each warrant of the Issuer that was issued and outstanding immediately prior to the Effective Time was automatically redeemed for the right to receive an amount in cash equal to $17.91, which is equal to (i) the Per Share Price minus (ii) the Warrant Price (as defined in the Warrant Agreement) as reduced pursuant to the calculation provided in Section 4.4 of the Warrant Agreement, without interest.

SEC remarks

Exhibit List: Exhibit 24 - Power of Attorney

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