0000899243-21-011067.txt : 20210310
0000899243-21-011067.hdr.sgml : 20210310
20210310184751
ACCESSION NUMBER: 0000899243-21-011067
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: Bammi Rahul
CENTRAL INDEX KEY: 0001850199
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39470
FILM NUMBER: 21731260
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
0001850199
Bammi Rahul
C/O VIEW, INC.
195 S. MILPITAS BLVD
MILPITAS
CA
95035
0
1
0
0
CHIEF BUSINESS OFFICER
Class A Common Stock
2021-03-08
4
A
0
700000
A
700000
D
Stock Options
15.92
2021-03-08
4
A
0
209249
A
Class A Common Stock
209249
209249
D
Stock Options
9.04
2021-03-08
4
A
0
1986056
A
Class A Common Stock
1986056
1986056
D
Stock Options
10.00
2021-03-08
4
A
0
700000
A
Class A Common Stock
700000
700000
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, 700,000 restricted stock units ("RSUs") of the Issuer's Class A Common Stock 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 August 25, 2016 were converted into options to purchase 209,249 shares of the Issuer's Class A Common Stock at an exercise price of $15.92. All of the shares subject to this award were fully vested and exercisable on August 25, 2016.
The Stock Options granted to the reporting person on November 21, 2018 were converted into options to purchase 1,986,056 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 on the same day of each month for the next four years, so that all such shares subject to this award will be fully vested and exercisable on November 1, 2022.
Upon the closing of the Business Combination, stock options were issued under 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 700,000 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 this award will be fully vested and exercisable on the four year anniversary of the Closing Date.
/s/ William Krause, Attorney-in-fact
2021-03-10