Statement of Changes in Beneficial Ownership (4)
November 26 2021 - 4:22PM
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
*
Palikaras Georgios |
2. Issuer Name and Ticker or Trading Symbol
META MATERIALS INC.
[
MMAT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO and President |
(Last)
(First)
(Middle)
C/O META MATERIALS INC., 1 RESEARCH DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/19/2021 |
(Street)
DARTMOUTH, A5 B2Y 4M9
(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)
___ Form filed by One Reporting Person
_
X
_ 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 | 11/19/2021 | | M | | 1627709 | A | $0.00 | 4278701 | D | |
Common Stock | 11/19/2021 | | S(1) | | 343436 | D | $4.2048 | 3935265 | D | |
Common Stock | 11/22/2021 | | S(1) | | 174851 | D | $4.0249 | 3760414 | D | |
Common Stock | | | | | | | | 3307775 | I | Held by Nadine Geddes |
Common Stock | | | | | | | | 22982397 | I | See footnote (2) |
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) | $0.27 | 11/19/2021 | | M | | | 151709 | (3) | 8/9/2029 | Common Stock | 151709 | $0.27 | 0 | D | |
Stock Option (Right to Buy) | $0.27 | 11/19/2021 | | M | | | 1476000 | (4) | 3/23/2030 | Common Stock | 1476000 | $0.27 | 1476000 | D | |
Explanation of Responses: |
(1) | Shares sold to satisfy option exercise expenses and the tax withholding requirements upon exercise of the options. |
(2) | The reported securities held by Lamda Guard Technologies Ltd. Georgios Palikaras and Nadine Geddes hold a percentage of Lamda Guard Technologies Ltd. Georgios Palikaras and Nadine Geddes each disclaim beneficial ownership of the shares held by Lamda Guard Technologies Ltd. except to the extent of his or her pecuniary interest therein, if any. |
(3) | 100% of the Shares subject to the option vest on March 6, 2020 |
(4) | Subject to the reporting person continuing to provide services to the company through each vesting event, 50% of the shares subject to the option will vest annually over two years beginning on March 23, 2021, such that the shares are fully vested on March 23, 2022. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Palikaras Georgios C/O META MATERIALS INC. 1 RESEARCH DRIVE DARTMOUTH, A5 B2Y 4M9 | X | X | CEO and President |
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Geddes Nadine C/O META MATERIALS INC. 1 RESEARCH DRIVE DARTMOUTH, A5 B2Y 4M9 |
| X |
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Signatures
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/s/ Ken Rice, as Attorney-in-Fact | | 11/26/2021 |
**Signature of Reporting Person | Date |
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