Initial Statement of Beneficial Ownership (3)
May 20 2022 - 03:47PM
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
Estimated average burden
hours per response... 0.5 |
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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 * Kenhard
Michael |
2. Date of Event Requiring Statement
(MM/DD/YYYY)
5/10/2022
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3. Issuer Name and Ticker or Trading
Symbol XL Fleet Corp. [XL] |
(Last)
(First)
(Middle)
47000 LIBERTY DRIVE |
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
___X___ Officer (give title
below) _____
Other (specify below)
CTO and VP of Engineering / |
(Street)
WIXOM, MI 48393
(City)
(State)
(Zip)
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5. 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 |
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) |
Common Stock |
15408 (1) |
D |
|
Common Stock |
150000 (2) |
D |
|
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 |
Stock Option (right to buy) |
9/8/2021 (3) |
9/8/2030 |
Common Stock |
93020 |
$6.28 |
D |
|
Stock Option (right to buy) |
9/8/2021 (4) |
9/8/2030 |
Common Stock |
153066 |
$6.27 |
D |
|
Stock Option (right to buy) |
4/16/2022 (5) |
4/16/2031 |
Common Stock |
45252 |
$6.49 |
D |
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Explanation of
Responses: |
(1) |
The securities are in the
form of restricted stock units (RSUs) that each represent a
contingent right to receive one share of the issuer's common stock.
As of the reporting date, 25% of the RSUs have vested. Subject to
the reporting person's continued service through the vesting dates,
25% of the RSUs will vest on each of April 16, 2023, April 16, 2024
and April 16, 2025. |
(2) |
The securities are in the
form of restricted stock units (RSUs) that each represent a
contingent right to receive one share of the issuer's common stock.
Subject to the reporting person's continued service through the
vesting dates, 100% of the RSUs will vest on April 21,
2023. |
(3) |
As of the reporting date,
options for 38,635 shares have vested. Options for 7,875 shares
vest on each of June 8, 2022, June 8, 2023 and June 8, 2024.
Options for 15,380 shares vest on each of March 8, 2023 and March
8, 2024. |
(4) |
As of the reporting date,
options for 53,646 shares have vested. Options for 7,506 shares
vest on each of June 8, 2022, June 8, 2023 and June 8, 2024.
Options for 15,380 shares vest on each of September 8, 2022,
September 8, 2023 and September 8, 2024. Options for 15,381 shares
vest on each of December 8, 2022 and December 8, 2023. |
(5) |
As of the reporting date,
options for 11,313 shares have vested. Options for 11,313 shares
vest on each of April 16, 2023, April 16, 2024, and April 16,
2025. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Kenhard Michael
47000 LIBERTY DRIVE
WIXOM, MI 48393 |
|
|
CTO and VP of Engineering |
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Signatures
|
/s/ Stacey Constas, Attorney in
Fact |
|
5/10/2022 |
**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 5(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. |
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