Statement of Changes in Beneficial Ownership (4)
July 23 2021 - 4:07PM
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
*
Cuomo Gerard |
2. Issuer Name and Ticker or Trading Symbol
FARADAY FUTURE INTELLIGENT ELECTRIC INC.
[
FFIE
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Controller |
(Last)
(First)
(Middle)
C/O FARADAY FUTURE INTELLIGENT ELECTRIC, INC., 18455 S. FIGUEROA STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/21/2021 |
(Street)
GARDENA, CA 90248
(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 |
Stock Option (Right to Buy) | $7.948 | 7/21/2021 | | A | | 20771 | | (2) | 4/28/2031 | Class A Common Stock | 20771 | (1) | 20771 | D | |
Stock Option (Right to Buy) | $7.948 | 7/21/2021 | | A | | 6923 | | (3) | 4/28/2031 | Class A Common Stock | 6923 | (1) | 6923 | D | |
Stock Option (Right to Buy) | $7.948 | 7/21/2021 | | A | | 3461 | | (4) | 4/28/2031 | Class A Common Stock | 3461 | (1) | 3461 | D | |
Stock Option (Right to Buy) | $7.948 | 7/21/2021 | | A | | 3461 | | (5) | 4/28/2031 | Class A Common Stock | 3461 | (1) | 3461 | D | |
Explanation of Responses: |
(1) | Pursuant to the Agreement and Plan of Merger, dated January 27, 2021, as amended, by and among Property Solutions Acquisitions Corp. ("PSAC"), PSAC Merger Sub Ltd., and FF Intelligent Mobility Global Holdings Ltd. ("FF") (the "Merger Agreement"), the merger pursuant to which closed on July 21, 2021 ("Closing"), (i) each outstanding share of FF common stock held by the reporting person converted into the right to receive shares of the Issuer's Class A common stock using an exchange ratio of 0.1413 (the "Exchange Ratio"), and (ii) each outstanding and unexercised option to purchase shares of FF common stock converted into an option to purchase shares of the Issuer's common stock, with necessary adjustments to reflect the Exchange Ratio but otherwise the same terms and conditions. On the Closing date, the closing price of the Issuer's common stock was $13.78. Following Closing, the Issuer will be renamed "Faraday Future Intelligent Electric Inc." |
(2) | These stock options vest 25% on March 31, 2022, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date. |
(3) | These stock options vest in a series of 48 equal monthly installments starting on March 31, 2022, subject to the reporting person's continued employment through the applicable vesting date. |
(4) | These stock options vest in a series of 48 equal monthly installments starting on March 31, 2023, subject to the reporting person's continued employment through the applicable vesting date. |
(5) | These stock options vest in a series of 48 equal monthly installments starting on March 31, 2024, subject to the reporting person's continued employment through the applicable vesting date. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Cuomo Gerard C/O FARADAY FUTURE INTELLIGENT ELECTRIC INC., 18455 S. FIGUEROA STREET GARDENA, CA 90248 |
|
| Controller |
|
Signatures
|
/s/ Jarret Johnson, attorney-in-fact for Gerard Cuomo | | 7/23/2021 |
**Signature of Reporting Person | Date |
Property Solutions Acqui... (NASDAQ:PSACU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Property Solutions Acqui... (NASDAQ:PSACU)
Historical Stock Chart
From Jul 2023 to Jul 2024