|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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. | SEC 1474 (9-02) | ||
|
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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 | ||||||||
| Restricted Stock Units | (3) | 12/28/2022 | M(1)(2)(5) | 5,548 | (5) | (5) | Class A Common Stock | 5,548 (3) | $ 0 | 5,549 | D | ||||
| Restricted Stock Units | (3) | 12/28/2022 | M(1)(2)(6) | 3,634 | (6) | (6) | Class A Common Stock | 3,634 (3) | $ 0 | 7,267 | D | ||||
| Restricted Stock Units | (3) | 12/28/2022 | M(1)(2)(7) | 3,634 | (7) | (7) | Class A Common Stock | 3,634 (3) | $ 0 | 7,267 | D | ||||
| Restricted Stock Units | (3) | 12/28/2022 | M(1)(2)(8) | 9,713 | (8) | (8) | Class A Common Stock | 9,713 (3) | $ 0 | 19,424 | D | ||||
| Restricted Stock Units | (3) | 12/28/2022 | M(1)(2)(9) | 34,454 | (9) | (9) | Class A Common Stock | 34,454 (3) | $ 0 | 103,363 | D | ||||
| Restricted Stock Units | (3) | 12/28/2022 | M(1)(2)(10) | 14,286 | (10) | (10) | Class A Common Stock | 14,286 (3) | $ 0 | 42,857 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Meads Garner B. III C/O VIVINT SMART HOME, INC. 4931 NORTH 300 WEST PROVO, UT 84604 |
See Remarks | |||
| /s/ Garner B. Meads, III | 12/30/2022 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(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). |
| (1) | In connection with the anticipated transactions contemplated by the Agreement and Plan of Merger, dated as of December 6, 2022, entered into by and among Vivint Smart Home, Inc. (the "Issuer"), NRG Energy, Inc. ("Parent"), and Jetson Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub will be merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent, the Board of Directors of the Issuer approved the acceleration of the payment of certain equity awards to mitigate certain adverse tax consequences under Section 280G or 4999 of the Internal Revenue Code of 1986, as amended, that could arise in connection with the Merger. |
| (2) | The accelerated settlement described in this Form 4 is contingent upon the Reporting Person's agreement to repay accelerated compensation amounts if the Reporting Person ceases to be employed with the Issuer prior to the date which any of his equity awards described herein would otherwise vest, subject to any outstanding accelerated vesting provisions. |
| (3) | Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A common stock of the Issuer ("Class A Common Stock"). The RSUs will be settled in either Class A Common Stock or cash. |
| (4) | Reflects shares of Class A Common Stock withheld to cover the Reporting Person's tax liability in connection with the vesting of RSUs. |
| (5) | Reflects an initial grant of 22,195 RSUs that vests in four equal annual installments beginning on January 17, 2021. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on January 17, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
| (6) | Reflects performance-based RSUs previously granted to the Reporting Person, the performance of which was certified on March 1, 2022. Upon certification of the award, the Reporting Person received 3,634 shares of Class A Common Stock and 10,901 RSUs that were scheduled to vest in three equal annual installments beginning on March 1, 2023. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on March 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
| (7) | Reflects an initial grant of 14,535 RSUs that vests in four equal annual installments beginning on March 1, 2022. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on March 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
| (8) | Reflects an initial grant of 38,850 RSUs that vests in four equal annual installments beginning on September 1, 2022. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on September 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
| (9) | Reflects an initial grant of 137,817 RSUs that vests in four equal annual installments beginning on December 2, 2022. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on December 2, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
| (10) | Reflects an initial grant of 57,143 RSUs that vests in four equal annual installments beginning on March 1, 2023. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on March 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
| Remarks: Title: Chief Legal Officer and Secretary |
|