0001209191-21-010203.txt : 20210212
0001209191-21-010203.hdr.sgml : 20210212
20210212170126
ACCESSION NUMBER: 0001209191-21-010203
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210210
FILED AS OF DATE: 20210212
DATE AS OF CHANGE: 20210212
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: O'Connor Jeanne
CENTRAL INDEX KEY: 0001839512
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38947
FILM NUMBER: 21629131
MAIL ADDRESS:
STREET 1: FACTOR SYSTEMS, INC. DBA BILLTRUST
STREET 2: 1009 LENOX DRIVE #101
CITY: TRENTON
STATE: NJ
ZIP: 08648
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BTRS Holdings Inc.
CENTRAL INDEX KEY: 0001774155
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
IRS NUMBER: 833780685
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1009 LENOX DRIVE
STREET 2: SUITE 101
CITY: LAWRENCEVILLE
STATE: NJ
ZIP: 08648
BUSINESS PHONE: (610) 592-7228
MAIL ADDRESS:
STREET 1: 1009 LENOX DRIVE
STREET 2: SUITE 101
CITY: LAWRENCEVILLE
STATE: NJ
ZIP: 08648
FORMER COMPANY:
FORMER CONFORMED NAME: South Mountain Merger Corp.
DATE OF NAME CHANGE: 20190417
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-02-10
0
0001774155
BTRS Holdings Inc.
BTRS
0001839512
O'Connor Jeanne
C/O BTRS HOLDINGS INC.
1009 LENOX DRIVE, SUITE 101
LAWRENCEVILLE
NJ
08648
0
1
0
0
Chief Talent Officer
Class 1 Common Stock
2021-02-10
4
A
0
14218
0.00
A
34261
D
Class 1 Common Stock
2021-02-10
4
A
0
25894
0.00
A
60155
D
Represents the number of shares received pursuant to Section 3.07 (the "Earnout Rights") of that certain Business Combination Agreement, dated as of October 18, 2020, by and among the Issuer and certain other parties thereto. The number of shares issuable and being reported herein was determined, and the Reporting Person's right to receive such shares became fixed and irrevocable, on February 10, 2021 (the "Milestone Date"), the date on which the Issuer's closing share price equaled or exceeded $12.50 and $15.00 for 20 trading days within a consecutive 30-trading day period.
Represents the number of shares underlying restricted stock units (the "RSUs") received pursuant to the Earnout Rights. Each RSU represents a contingent right to receive one share of class 1 common stock of the Issuer. The RSUs vest as to (i) 246 of the shares on May 11, 2021, (ii) 986 of the shares in 4 equal semi-annual installments beginning on May 2, 2021, (iii) 7,404 of the shares in 7 equal semi-annual installments beginning on May 12, 2021, and (iv) 17,258 of the shares in 5 semi-annual installments beginning on August 1, 2021, in each case subject to the Reporting Person's continuous service to the Issuer through each vesting date. The number of RSUs issuable pursuant to the Earnout Rights was determined, and the Reporting Person's right to receive such RSUs subject to the earnout rights became fixed and irrevocable on the Milestone Date.
/s/ Asher Herzog, Attorney-in-Fact
2021-02-12