0001209191-22-036791.txt : 20220614 0001209191-22-036791.hdr.sgml : 20220614 20220614182432 ACCESSION NUMBER: 0001209191-22-036791 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220610 FILED AS OF DATE: 20220614 DATE AS OF CHANGE: 20220614 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Diaz Fred M CENTRAL INDEX KEY: 0001712371 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39668 FILM NUMBER: 221016100 MAIL ADDRESS: STREET 1: 9614 AMALFI CT CITY: BRENTWOOD STATE: TN ZIP: 37027 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Archer Aviation Inc. CENTRAL INDEX KEY: 0001824502 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT [3721] IRS NUMBER: 852730902 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1880 EMBARCADERO ROAD CITY: PALO ALTO STATE: CA ZIP: 94303 BUSINESS PHONE: 650-272-3233 MAIL ADDRESS: STREET 1: 1880 EMBARCADERO ROAD CITY: PALO ALTO STATE: CA ZIP: 94303 FORMER COMPANY: FORMER CONFORMED NAME: Atlas Crest Investment Corp. DATE OF NAME CHANGE: 20200911 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2022-06-10 0 0001824502 Archer Aviation Inc. ACHR 0001712371 Diaz Fred M C/O ARCHER AVIATION INC. 1880 EMBARCADERO ROAD PALO ALTO CA 94303 1 0 0 0 Deferred Restricted Stock Units 2022-06-10 4 A 0 48661 0.00 A Class A Common Stock 48661 48661 D Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the reporting person's continued service to the Issuer as of the applicable vesting date. This award represents a total grant value of $200,000 divided by the Issuer's closing stock price on June 10, 2022 for its Class A Common Stock, rounded to the nearest whole share, as calculated in accordance with the Issuer's Non-Employee Director Compensation Policy as adopted by the Compensation Committee of the Issuer's Board of Directors. All of the RSUs vest on the earlier of the: (i) one year anniversary of the grant date specified in Column 3 of Table II (the "Grant Date") or (ii) date of the Issuer's 2023 annual stockholders' meeting (in each case, the "RSU Vesting Date"). On the RSU Vesting Date, pursuant to the reporting person's election, the RSUs will automatically convert into an equal number of deferred stock units, which will be settled for an equal number of shares of the Issuer's Class A Common Stock on the tenth anniversary of the Grant Date. Notwithstanding the aforementioned deferral period, from and after the RSU Vesting Date, the deferred stock units may automatically settle earlier upon the reporting person's death, disability, or separation from service with the Issuer, or upon the occurrence of an "unforeseeable emergency," as that term is defined under the deferred compensation program. The RSUs do not expire; they either will vest on the RSU Vesting Date and settle for shares at the end of the deferral period or they will be cancelled prior to the RSU Vesting Date in the event the reporting person ceases to provide services to the Issuer. /s/ Andy Missan, Attorney-in-Fact for Fred M. Diaz 2022-06-14