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Butterfly Network, Inc. — Director's Dealing 2021
Feb 17, 2021
32836_dirs_2021-02-16_316964d4-a2ff-4d6a-9bff-d94c5ee0bb30.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Butterfly Network, Inc. (BFLY)
CIK: 0001804176
Period of Report: 2021-02-12
Reporting Person: Perri David (Chief Operating Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-12 | Stock Option (right to buy) | $4.84 | A | 519150 | Acquired | 2030-04-23 | Class A Common Stock (519150) | Direct |
| 2021-02-12 | Stock Option (right to buy) | $9.40 | A | 519150 | Acquired | 2030-12-17 | Class A Common Stock (519150) | Direct |
Footnotes
F1: The shares underlying this option vest as to 25% on March 31, 2021, with the remainder vesting in 36 equal monthly installments thereafter, subject to the Mr. Perri's continued service through the applicable vesting date.
F2: In connection with the closing of the transactions contemplated by the Business Combination Agreement, dated as of November 19, 2020, by and among Longview Acquisition Corp. ("Longview"), Clay Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Longview ("Merger Sub"), and Butterfly Network, Inc., a Delaware corporation ("Butterfly"), pursuant to which Merger Sub merged with and into Butterfly (the "Merger"), with Butterfly surviving as a wholly-owned subsidiary of Longview (which changed its name to "Butterfly Network, Inc.", the "Issuer"), this stock option was received in exchange for a stock option to acquire 500,000 shares of Butterfly common stock for $5.02 per share.
F3: The shares underlying this option vest as to 25% on December 31, 2021, with the remainder vesting in 36 equal monthly installments thereafter, subject to Mr. Perri's continued service through the applicable vesting date.
F4: Received in connection with the Merger in exchange for a stock option to acquire 500,000 shares of Butterfly common stock for $9.75 per share.