Statement of Changes in Beneficial Ownership (4)
August 02 2021 - 4:09PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Lu Zhijian |
2. Issuer Name and Ticker or Trading Symbol
AvePoint, Inc.
[
AVPT
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O AVEPOINT, INC., 525 WASHINGTON BLVD., SUITE 1400 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/1/2021 |
(Street)
JERSEY CITY, NJ 07310
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 7/1/2021 | | A | | 51392 (1)(2) | A | $0.00 | 51392 | D | |
Common Stock | 7/1/2021 | | A | | 9708154 (1)(2) | A | $0.00 | 9759546 | I | By Trusts (3) |
Common Stock | 7/1/2021 | | A | | 8792519 (1)(2) | A | $0.00 | 18552065 | I | By LLCs (4) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (right to buy) | $1.3357 | 7/1/2021 | | A | | 505616 | | (5) | 7/1/2026 | Common Stock | 505616 | $0.00 | 505616 | D | |
Stock Option (right to buy) | $1.5866 | 7/1/2021 | | A | | 391115 | | (6) | 1/10/2029 | Common Stock | 391115 | $0.00 | 301115 | D | |
Stock Option (right to buy) | $3.9049 | 7/1/2021 | | A | | 264257 | | (7) | 8/12/2030 | Common Stock | 264257 | $0.00 | 264257 | D | |
Explanation of Responses: |
(1) | Received on July 1, 2021 pursuant to that certain Business Combination Agreement and Plan of Reorganization ("BCA"), dated as of November 23, 2020, as amended on December 30, 2020, March 8, 2021 and May 18, 2021, by and among Apex Technology Acquisition Corporation ("Apex"), Athena Technology Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Apex, Athena Technology Merger Sub 2, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Apex and AvePoint, Inc. a Delaware corporation ("Former AvePoint") in exchange for Former AvePoint shares. |
(2) | The BCA provides that the former stockholders of Former AvePoint will receive additional shares of the Issuer's Common Stock if the Issuer's closing share price equals or exceeds $12.50, $15.00 and $17.50 for any 20 trading days within any consecutive 30-trading day period prior to July 1, 2028. The Reporting Person's right to receive additional shares pursuant to this earn-out became fixed and irrevocable on July 1, 2021, the effective date of the merger. |
(3) | These shares are held by The Bridge Water Trust, Fire Stone Family Trust and The Cherry Tree Trust. The Reporting Person disclaims beneficial ownership with respect to the shares held by these trusts, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
(4) | These shares are held by KEM Lily LLC, KEM Phoenix LLC and KEM Rose LLC. The Reporting Person disclaims beneficial ownership with respect to the shares held by these limited liability companies, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
(5) | The shares underlying this option are fully vested. |
(6) | 25% of the shares underlying this option vested on January 10, 2020 and the remaining 75% of the shares underlying this option vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each vesting date. |
(7) | 25% of the shares underlying this option will vest on August 12, 2021 and the remaining 75% of the shares underlying this option vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each vesting date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Lu Zhijian C/O AVEPOINT, INC. 525 WASHINGTON BLVD., SUITE 1400 JERSEY CITY, NJ 07310 |
| X |
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Signatures
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/s/ Katie A. Kazem, attorney-in-fact | | 8/2/2021 |
**Signature of Reporting Person | Date |
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