Archer Aviation Inc. — Director's Dealing 2020

Dec 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Atlas Crest Investment Corp. (ACIC.U)
CIK: 0001824502
Period of Report: 2020-12-11

Reporting Person: Atlas Crest Investment LLC (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-11	Class B Common Stock	$	J	1875000	Disposed		Class A Common Stock (1875000)	Direct

Footnotes

F1: As described in the registrant's registration statement on Form S-1 (File No. 333-249289) (the "Registration Statement") under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, will automatically convert into shares of Class A common stock, par value $0.0001 per share, at the time of the registrant's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.

F2: As contemplated in connection with the initial public offering of the registrant, 1,875,000 shares of Class B common stock were returned by the Reporting Person to the registrant for no consideration and cancelled because the underwriters' over-allotment option was not exercised in full.