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SPRUCE POWER HOLDING CORP — Director's Dealing 2021
Mar 2, 2021
34841_dirs_2021-03-02_ad8a1efe-6223-49e6-b6b7-4e9771a1188e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: XL Fleet Corp. (XL)
CIK: 0001772720
Period of Report: 2021-02-26
Reporting Person: Flanagan Declan (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-26 | Common Stock | A | 2205 | $0.00 | Acquired | 2205 | Direct |
| 2021-02-26 | Common Stock | A | 7940 | $0.00 | Acquired | 10145 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-26 | Stock Option (right to buy) | $14.17 | A | 3567 | Acquired | 2031-02-26 | Common Stock (3567) | Direct |
| 2021-02-26 | Stock Option (right to buy) | $14.17 | A | 12843 | Acquired | 2031-02-26 | Common Stock (12843) | Direct |
Footnotes
F1: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the vesting date, the restricted stock units shall become fully vested on the first anniversary of December 21, 2020.
F2: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the applicable vesting date, 1/3rd of the restricted stock units shall vest every 12 months from December 21, 2020 until all shares underlying this award have vested.
F3: The shares underlying this option shall become fully vested on the first anniversary of December 21, 2020, subject to the reporting person's continued service through the vesting date.
F4: The shares underlying this option shall vest in equal installments on the first, second and third anniversary of December 21, 2020 until all shares underlying this option have vested, subject to the reporting person's continued service through the applicable vesting date.