0000899243-21-011063.txt : 20210310
0000899243-21-011063.hdr.sgml : 20210310
20210310184503
ACCESSION NUMBER: 0000899243-21-011063
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210308
FILED AS OF DATE: 20210310
DATE AS OF CHANGE: 20210310
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Krause William T.
CENTRAL INDEX KEY: 0001850280
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39470
FILM NUMBER: 21731251
MAIL ADDRESS:
STREET 1: 195 S. MILPITAS BLVD.
CITY: MILPITAS
STATE: CA
ZIP: 95035
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CF Finance Acquisition Corp II
CENTRAL INDEX KEY: 0001811856
STANDARD INDUSTRIAL CLASSIFICATION: FLAT GLASS [3211]
IRS NUMBER: 843235065
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 110 EAST 59TH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-938-5000
MAIL ADDRESS:
STREET 1: 110 EAST 59TH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10022
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-03-08
0
0001811856
CF Finance Acquisition Corp II
VIEW
0001850280
Krause William T.
C/O VIEW, INC.
195 S. MILPITAS BLVD
MILPITAS
CA
95035
0
1
0
0
See Remarks
Class A Common Stock
2021-03-08
4
A
0
500000
A
500000
D
Stock Options
15.92
2021-03-08
4
A
0
34874
A
Class A Common Stock
34874
34874
D
Stock Options
9.04
2021-03-08
4
A
0
279000
A
Class A Common Stock
279000
279000
D
Stock Options
10.00
2021-03-08
4
A
0
500000
A
Class A Common Stock
500000
500000
D
In connection with the Issuer's business combination (the "Business Combination") with View, Inc. ("Legacy View") in accordance with the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 30, 2020, among the Issuer (f/k/a CF Finance Acquisition Corp. II), PVMS Merger Sub, Inc. and Legacy View, 500,000 restricted stock units ("RSUs") were granted to the reporting person from the Issuer's 2021 Equity Incentive Plan ("2021 Plan"). The RSUs are subject to both time and performance based vesting. 1/4th of the RSUs will time vest on March 8, 2022 and 1/48th on the same day of each month for the next three years, so that all such shares subject to this award will be fully time vested on March 8, 2025.
(Continued from Footnote 1) 1/2 of the RSUs will performance vest if the average closing stock price of shares of the Issuer's Class A Common Stock equals or exceeds $15.00 per share over a sixty (60) trading day period at any time during the four year vesting period ("$15 hurdle"), and all of the RSUs will performance vest if the average closing stock price of shares of the Issuer's Class A Common Stock equals or exceeds $20.00 per share over a sixty (60) trading day period at any time during the four year vesting period ("$20 hurdle"). If the $15 hurdle has not been met by March 8, 2025, all of the RSUs will be forfeited and returned to the 2021 Plan. If the $15 hurdle has been met but not the $20 hurdle by March 8, 2025, 1/2 of the RSUs will be forfeited and returned to the 2021 Plan.
Upon the closing of the Business Combination, each stock option issued under Legacy View's Amended and Restated 2018 Equity Incentive Plan ("Stock Option") was converted into an option to purchase a number of shares of the Issuer's Class A Common Stock in accordance with the Merger Agreement. The Stock Options granted to the reporting person on February 7, 2018 were converted into options to purchase 34,874 shares of the Issuer's Class A Common Stock at an exercise price of $15.92. 1/5th of the shares subject to this award vested on January 1, 2019 and 1/60th of the shares subject to this award vested on the same day of each month thereafter, so that all such shares subject to the award will be fully vested and exercisable on January 1, 2023.
The Stock Options granted to the reporting person on December 4, 2018 were converted into options to purchase 279,000 shares of the Issuer's Class A Common Stock at an exercise price of $9.04. 1/48th of the shares subject to this award vested on December 1, 2018 and 1/48th of the shares subject to this award vested on the same day of each month thereafter, so that all such shares subject to the award will be fully vested and exercisable on November 1, 2022.
Upon the closing of the Business Combination, stock options were granted from the Issuer's 2021 Equity Incentive Plan ("2021 Stock Option"). The 2021 Stock Options granted to the reporting person on the closing date of the Business Combination ("Closing Date") were options to purchase 500,000 shares of the Issuer's Class A Common Stock at an exercise price of $10.00 per share. 1/4th of the shares subject to this award will vest on the one year anniversary of the Closing Date and on the same day of each month for the next three years, so that all such shares subject to the award will be fully vested and exercisable on the four year anniversary of the Closing Date.
SENIOR VICE PRESIDENT, GENERAL COUNSEL & SECRETARY
/s/ William Krause
2021-03-10