Statement of Changes in Beneficial Ownership (4)
August 20 2021 - 4:02PM
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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3235-0287
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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
*
Boyer Lonnie Joe |
2. Issuer Name and Ticker or Trading Symbol
ATLAS TECHNICAL CONSULTANTS, INC.
[
ATCX
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer |
(Last)
(First)
(Middle)
C/O ATLAS TECHNICAL CONSULTANTS, INC., 13215 BEE CAVE PARKWAY BLDG B, SUITE 230 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/18/2021 |
(Street)
AUSTIN, TX 78738
(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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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 |
Performance Stock Option | $10.50 | 8/18/2021 | | A | | 342465 | | (1) | 8/18/2031 | Class A Common Stock | 342465 | $0.0 | 342465 | D | |
Explanation of Responses: |
(1) | Subject to the satisfaction of the service-based vesting conditions described below, the performance stock option ("PSO") may be deemed earned upon the attainment of share price targets (based on a 60-day trading average) for Atlas Technical Consultants, Inc.'s Class A Common Stock. Twenty-five percent (25%) of the PSO will be deemed earned with respect to the share price conditions upon attainment of each of the following share price targets: $20 per share, $25 per share, $30 per share and $35 per share. To the extent the share price targets have been attained, the PSOs will vest in four equal installments (twenty-five percent (25%) each) with respect to the service-based vesting conditions and become exercisable upon each of the second, third, fourth and fifth anniversaries of the grant date, subject to the participant's continued employment with Atlas Technical Consultants, Inc. or its affiliate or successor. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Boyer Lonnie Joe C/O ATLAS TECHNICAL CONSULTANTS, INC. 13215 BEE CAVE PARKWAY BLDG B, SUITE 230 AUSTIN, TX 78738 | X |
| Chief Executive Officer |
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Signatures
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/s/ L. Joe Boyer, by Laura Strunk as Attorney-in-Fact | | 8/20/2021 |
**Signature of Reporting Person | Date |
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