0000899243-21-029003.txt : 20210720
0000899243-21-029003.hdr.sgml : 20210720
20210720182307
ACCESSION NUMBER: 0000899243-21-029003
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210714
FILED AS OF DATE: 20210720
DATE AS OF CHANGE: 20210720
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hall David S.
CENTRAL INDEX KEY: 0001825969
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38703
FILM NUMBER: 211102186
MAIL ADDRESS:
STREET 1: 40 NORTH HILL COURT
CITY: OAKLAND
STATE: CA
ZIP: 94618
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-07-14
0
0001745317
Velodyne Lidar, Inc.
VLDR
0001825969
Hall David S.
40 NORTH HILL COURT
OAKLAND
CA
94618
0
0
1
0
Common Stock
59244378
D
Common Stock
2021-07-14
4
M
0
7344
0.00
A
5470753
I
By Wife
Common Stock
2021-07-14
4
S
0
5930
9.23
D
5464823
I
By Wife
Restricted Stock Unit
2021-07-14
4
M
0
7344
0.00
D
Common Stock
7344
80790
I
By wife
The Reporting Person's wife, Marta Thoma Hall, was granted Restricted Stock Units ("RSUs") which represent a right to receive one share of Common Stock for each RSU.
The Reporting Person's wife 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 July 14, 2021.
The sales reported on this Form 4 include shares required to be sold by the Reporting Person's wife to cover tax withholding obligations in connection with the previously reported vesting and settlement of RSUs. These sales are mandated by the Reporting Person's wife's award agreement to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person's wife.
The Reporting Person's wife 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., VL Merger Sub Inc., a Delaware corporation, and Velodyne Lidar, Inc., a Delaware corporation now known as Velodyne Lidar USA, Inc. The Reporting Person's wife received RSUs in exchange for restricted stock units in Velodyne Lidar USA, Inc.
The Reporting Person's wife was granted 117,512 RSUs on September 29, 2020 which represent a contingent right to receive one share of Common Stock for each RSU. Of the initial grant, 25% vested on the one-year anniversary, and the remainder vest with respect to 6.25% of the RSUs on each company quarterly vesting dates (March 31, June 30, September 30 and December 31).
/s/ David S. Hall
2021-07-20