Statement of Changes in Beneficial Ownership (4)
July 13 2022 - 5:05PM
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
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Bell Donna |
2. Issuer Name and Ticker or Trading Symbol
Lordstown Motors Corp.
[
RIDE
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, PROD CRTN, ENG & SUPP CHN |
(Last)
(First)
(Middle)
2300 HALLOCK YOUNG ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/11/2022 |
(Street)
LORDSTOWN, OH 44481
(City)
(State)
(Zip)
|
4. 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
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
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 |
Restricted Stock Units | $0 | 7/11/2022 | | A | | 520000 | | (1) | (1) | Class A Common Stock | 520000 | $0 | 520000 | D | |
Employee Stock Options | $2.25 | 7/11/2022 | | A | | 90000 | | (2) | 7/11/2029 | Class A Common Stock | 90000 | $0 | 90000 | D | |
Explanation of Responses: |
(1) | 520,000 restricted stock units ("RSUs") granted upon the commencement of the reporting person's employment on July 11, 2022 (consisting of an inducement grant of 250,000 RSUs and an annual grant of 270,000 RSUs) vest in three installments, with 240,000 RSUs vesting on August 15, 2023, 165,000 RSUs vesting on August 15, 2024 and 115,000 RSUs vesting on August 15, 2025, subject to the reporting person's continued employment through each such vesting date. |
(2) | 90,000 stock options granted upon the commencement of the reporting person's employment on July 11, 2022 vest in three equal annual installments beginning on August 15, 2023, subject to the reporting person's continued employment through each vesting date. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Bell Donna 2300 HALLOCK YOUNG ROAD LORDSTOWN, OH 44481 |
|
| EVP, PROD CRTN, ENG & SUPP CHN |
|
Signatures
|
/s/ Melissa A. Leonard, Attorney-in-Fact | | 7/13/2022 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
Lordstown Motors (NASDAQ:RIDE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Lordstown Motors (NASDAQ:RIDE)
Historical Stock Chart
From Apr 2023 to Apr 2024