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