Initial Statement of Beneficial Ownership (3)
November 23 2020 - 5:04PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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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
*
Brown Shane |
2. Date of Event Requiring Statement (MM/DD/YYYY)
11/11/2020
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3. Issuer Name and Ticker or Trading Symbol
Lordstown Motors Corp. [RIDE]
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(Last)
(First)
(Middle)
C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) Chief Production Officer / |
(Street)
LORDSTOWN, OH 44481
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 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 Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Incentive Stock Option (Right to Buy) | (1) | 12/23/2029 | Class A Common Stock | 55881 | $1.79 | D | |
Explanation of Responses: |
(1) | The options were received in exchange for options to purchase 1,000 shares of Lordstown EV Corporation (f/k/a Lordstown Motors Corp.) pursuant to the Agreement and Plan of Merger, dated August 1, 2020 (the "Merger Agreement"), among DiamondPeak Holdings Corp. (which subsequently changed its name to Lordstown Motors Corp., the "Issuer"), DPL Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of the Issuer ("Merger Sub"), and Lordstown EV Corporation (f/k/a Lordstown Motors Corp.) ("Legacy Lordstown"). Pursuant to the Merger Agreement, Merger Sub merged with and into Legacy Lordstown, with Legacy Lordstown surviving as the surviving company and as a wholly owned subsidiary of the Issuer. 18,608 options vest on December 2, 2020, 18,608 options vest on December 2, 2021, and 18,665 options vest on December 2, 2022. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Brown Shane C/O LORDSTOWN MOTORS CORP. 2300 HALLOCK YOUNG ROAD LORDSTOWN, OH 44481 |
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| Chief Production Officer |
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Signatures
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/s/ Thomas V. Canepa, Attorney-in-Fact | | 11/23/2020 |
**Signature of Reporting Person | Date |
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