0001628280-21-013762.txt : 20210712
0001628280-21-013762.hdr.sgml : 20210712
20210712204544
ACCESSION NUMBER: 0001628280-21-013762
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210708
FILED AS OF DATE: 20210712
DATE AS OF CHANGE: 20210712
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dee Michael E
CENTRAL INDEX KEY: 0001756027
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40234
FILM NUMBER: 211086584
MAIL ADDRESS:
STREET 1: 118 VINTAGE PARK BLVD
CITY: HOUSTON
STATE: TX
ZIP: 77070
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PureCycle Technologies, Inc.
CENTRAL INDEX KEY: 0001830033
STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821]
IRS NUMBER: 000000000
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5950 HAZELTINE NATIONAL DRIVE, SUITE 650
CITY: ORLANDO
STATE: FL
ZIP: 32822
BUSINESS PHONE: 877-648-3565
MAIL ADDRESS:
STREET 1: 5950 HAZELTINE NATIONAL DRIVE, SUITE 650
CITY: ORLANDO
STATE: FL
ZIP: 32822
FORMER COMPANY:
FORMER CONFORMED NAME: Roth CH Acquisition I Co. Parent Corp.
DATE OF NAME CHANGE: 20201026
4
1
wf-form4_162613712373667.xml
FORM 4
X0306
4
2021-07-08
0
0001830033
PureCycle Technologies, Inc.
PCT
0001756027
Dee Michael E
C/O PURECYCLE TECHNOLOGIES, INC.
5950 HAZELTINE NATIONAL DRIVE, SUITE 650
ORLANDO
FL
32822
0
1
0
0
Chief Financial Officer
Common Stock
2021-07-08
4
A
0
18107
0
A
25677.995
D
Common Stock
2021-07-08
4
A
0
1000000
0
A
1025677.995
D
Common Stock
2021-07-08
4
A
0
100
0
A
1025777.995
D
Performance Restricted Stock Units
2021-07-08
4
A
0
200000
0
A
Common Stock
200000.0
200000
D
The restricted stock units were granted as part of the Company's 2021 long-term incentive plan grant cycle and are subject to vesting over four years with one quarter, rounded down to the nearest whole share of stock, vesting in each of the four periods.
The restricted shares were granted in conjunction with the Reporting Person's offer of employment and are subject to the following vesting schedule: one-third of the restricted shares shall vest on September 17, 2021, one-third of the restricted shares shall vest on March 17, 2022, and one-third of the restricted shares shall vest on the date on which the Company's Ironton, Ohio plant becomes operational, as certified by Leidos in accordance with the Limited Offering Memorandum, dated September 23, 2020 (in connection with the bond offering by Southern Ohio Port Authority to PureCycle: Ohio LLC). Each vesting will be rounded down to the nearest whole share of stock at each of the three vesting periods.
The shares of common stock were issued as a one-time award to each employee in recognition of the Company's being listed on the NASDAQ Exchange. The shares vest immediately upon grant.
Each performance restricted stock unit represents a right to receive one share of the Company's common stock. The performance restricted stock units are subject to shall vest in full if the Market Value per Share is greater than $18.00 for any period of 20 trading days out of any 30 consecutive trading days within the period from September 17, 2021 through March 17, 2024.
/s/ Brad S. Kalter, as Attorney-in-Fact for Michael E. Dee
2021-07-12