0001104659-21-034651.txt : 20210310
0001104659-21-034651.hdr.sgml : 20210310
20210310213426
ACCESSION NUMBER: 0001104659-21-034651
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210308
FILED AS OF DATE: 20210310
DATE AS OF CHANGE: 20210310
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hamer Andrew
CENTRAL INDEX KEY: 0001348459
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38703
FILM NUMBER: 21731621
MAIL ADDRESS:
STREET 1: 777 MARINERS ISLAND BLVD
CITY: SAN MATEO
STATE: CA
ZIP: 94404
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Velodyne Lidar, Inc.
CENTRAL INDEX KEY: 0001745317
STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5521 HELLYER AVENUE
CITY: SAN JOSE
STATE: CA
ZIP: 95138
BUSINESS PHONE: (669) 275-2251
MAIL ADDRESS:
STREET 1: 5521 HELLYER AVENUE
CITY: SAN JOSE
STATE: CA
ZIP: 95138
FORMER COMPANY:
FORMER CONFORMED NAME: Graf Industrial Corp.
DATE OF NAME CHANGE: 20180702
4
1
tm219372-1_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2021-03-08
0
0001745317
Velodyne Lidar, Inc.
VLDR
0001348459
Hamer Andrew
5521 HELLYER AVENUE
SAN JOSE
CA
95138
0
1
0
0
CFO and Treasurer
Common Stock
2021-03-08
4
M
0
91805
0.00
A
91805
D
Restricted Stock Unit
2021-03-08
4
M
0
5508
0.00
D
Common Stock
14689
9181
D
Restricted Stock Unit
2021-03-08
4
M
0
14689
0.00
D
Common Stock
14689
0
D
Restricted Stock Unit
2021-03-08
4
M
0
71608
0.00
D
Common Stock
190958
119350
D
Restricted Stock Unit
0.00
2021-03-08
4
A
0
40000
0.00
A
Common Stock
40000
40000
D
Restricted Stock Unit
0.00
2021-03-08
4
A
0
75536
0.00
A
Common Stock
75536
75536
D
The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The shares were issued pursuant to vested RSUs released on March 8, 2021.
The Reporting Person received RSUs in connection with the merger described in that certain Agreement and Plan of Merger, dated as of July 2, 2020 (the "Merger"), and amended on August 20, 2020, by and among Graf Industrial Corp., a Delaware corporation now known as Velodyne Lidar, Inc. ("New Velodyne"), VL Merger Sub Inc., a Delaware corporation, and Velodyne Lidar, Inc., a Delaware corporation now known as Velodyne Lidar USA, Inc.
The RSUs were received in connection with the Merger. Subject to the satisfaction of both a liquidity event requirement and service-based requirement, eachRSU represents the right to receive one share of common stock. The liquidity-event requirement was deemed satisfied by the Board of Directors of NewVelodyne in October 2020 and the service-based requirement will be or, as applicable, was satisfied with respect to 25% of the RSUs when the ReportingPerson remains or, as applicable, remained in continuous service through the one-year anniversary of April 17, 2019 and with respect to 6.25% of the RSUswhen the Reporting Person completes or, as applicable, completed each three (3) months of continuous service thereafter.
The RSUs were received in connection with the Merger. Subject to the satisfaction of a liquidity event requirement, each RSU represents the right to receive one share of common stock. The liquidity-event requirement was deemed satisfied by the Board of Directors of New Velodyne in October 2020.
The RSUs were received in connection with the Merger. Subject to the satisfaction of both a liquidity event requirement and service-based requirement, each RSU represents the right to receive one share of common stock. The liquidity-event requirement was deemed satisfied by the Board of Directors of New Velodyne in October 2020 and the service-based requirement will be or, as applicable, was satisfied with respect to 25% of the RSUs when the Reporting Person remains or, as applicable, remained in continuous service through the one-year anniversary of April 3, 2019 and with respect to 6.25% of the RSUs when the Reporting Person completes or, as applicable, completed each three (3) months of continuous service thereafter. The service-based requirement is also subject to acceleration in the event the Reporting Person is subject to a qualifying involuntary termination of employment in connection with the sale of New Velodyne.
The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSU shall vest with respect to 25% of the RSUs on each company quarterly vesting dates after January 25, 2021, provided the Reporting Person remains in continuous service on each vesting date. Quarterly vesting dates are March 31, June 30, September 30 and December 31.
The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSU shall vest with respect to 25% of the RSUs on each company quarterly vesting dates after February 28, 2021, provided the Reporting Person remains in continuous service on each vesting date. Quarterly vesting dates are February 28, May 28, August 28 and November 28.
/s/Karen Skelton - Attorney-in-Fact
2021-03-10