0001209191-21-010213.txt : 20210212 0001209191-21-010213.hdr.sgml : 20210212 20210212170409 ACCESSION NUMBER: 0001209191-21-010213 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: Pinado Steven CENTRAL INDEX KEY: 0001836188 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38947 FILM NUMBER: 21629219 MAIL ADDRESS: STREET 1: C/O FACTOR SYSTEMS, INC. DBA BILLTRUST STREET 2: 1009 LENOX DRIVE, SUITE 101 CITY: LAWRENCEVILLE 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 0001836188 Pinado Steven C/O BTRS HOLDINGS INC. 1009 LENOX DRIVE, SUITE 101 LAWRENCEVILLE NJ 08648 0 1 0 0 President Class 1 Common Stock 2021-02-10 4 A 0 113060 0.00 A 117068 D Class 1 Common Stock 2021-02-10 4 A 0 74104 0.00 A 191172 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) 1,620 of the shares in 3 equal semi-annual installments beginning on May 12, 2021, and (ii) 72,484 of the shares in 3 equal semi-annual installments beginning on March 28, 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