0000899243-21-011070.txt : 20210310 0000899243-21-011070.hdr.sgml : 20210310 20210310184850 ACCESSION NUMBER: 0000899243-21-011070 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: Mulpuri Rao CENTRAL INDEX KEY: 0001850070 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39470 FILM NUMBER: 21731266 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 0001850070 Mulpuri Rao C/O VIEW, INC. 195 S. MILPITAS BLVD MILPITAS CA 95035 1 1 0 0 CHIEF EXECUTIVE OFFICER Class A Common Stock 2021-03-08 4 A 0 7733006 A 7733006 D Stock Options 9.04 2021-03-08 4 A 0 135972 A Class A Common Stock 135972 135972 D Stock Options 11.62 2021-03-08 4 A 0 249937 A Class A Common Stock 249937 249937 D Stock Options 11.62 2021-03-08 4 A 0 249937 A Class A Common Stock 249937 249937 D Stock Options 9.04 2021-03-08 4 A 0 12112825 A Class A Common Stock 12112825 12112825 D Stock Options 10.00 2021-03-08 4 A 0 25000000 A Class A Common Stock 25000000 25000000 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, each share of Legacy View common stock was converted into 0.02325 shares of the Issuer's Class A Common Stock upon the closing of the Business Combination. Upon the closing of the Business Combination, 7,500,000 restricted stock units ("RSUs") were granted to the reporting person under 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, and the Stock Options granted to the reporting person on September 5, 2012 were converted into options to purchase 135,972 shares of the Issuer's Class A Common Stock at an exercise price of $9.04. 1/60th of the shares subject to this award became vested and exercisable on September 24, 2012 and on the same day of each month for the next five years such that all shares subject to this award were fully vested and exercisable on August 24, 2017. The Stock Options granted to the reporting person on August 14, 2014 were converted into options to purchase 249,937 shares of the Issuer's Class A Common Stock at an exercise price of $11.62. 1/60th of the shares subject to this award became vested and exercisable on September 1, 2014 and on the same day of each month for the next five years such that all shares subject to this award were fully vested and exercisable on August 1, 2019. The Stock Options granted to the reporting person on November 12, 2015 were converted into options to purchase 249,937 shares of the Issuer's Class A Common Stock at an exercise price of $11.62. 1/60th of 232,715 of the shares subject to this award became vested and exercisable on December 1, 2015 and on the same day of each month for the next five years such that 232,715 shares subject to this award were fully vested and exercisable on November 1, 2020. 1/60th of 17,222 of the shares subject to this award became vested and exercisable on December 11, 2015 and on the same day of each month for the next five years such that 17,222 shares subject to this award were fully vested and exercisable on November 11, 2020. The Stock Options granted to the reporting person on November 21, 2018 were converted into options to purchase 12,112,825 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, an option to purchase 25,000,000 shares of the Issuer's Class A Common Stock was granted to the reporting person under the Issuer's 2021 Chief Executive Officer Incentive Plan at an exercise price of $10.00 per share (the "CEO Option Award"). 1/10th of the shares subject to the CEO Option Award will vest and become exercisable upon achieving any of ten predetermined share price targets of the Issuer's Class A Common Stock (based on a 60-calendar day trailing average) during the ten-year term of the CEO Option Award, subject to the reporting person's continued employment as the Issuer's Chief Executive Officer or Executive Chairman. /s/ William Krause, Attorney-in-fact 2021-03-10