0000899243-21-011072.txt : 20210310 0000899243-21-011072.hdr.sgml : 20210310 20210310184945 ACCESSION NUMBER: 0000899243-21-011072 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: Kailasam Sridhar CENTRAL INDEX KEY: 0001850210 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39470 FILM NUMBER: 21731272 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 0001850210 Kailasam Sridhar 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 708881 A 708881 D Stock Options 9.04 2021-03-08 4 A 0 11625 A Class A Common Stock 11625 11625 D Stock Options 15.77 2021-03-08 4 A 0 16275 A Class A Common Stock 16275 16275 D Stock Options 9.04 2021-03-08 4 A 0 348749 A Class A Common Stock 348749 348749 D Stock Options 9.04 2021-03-08 4 A 0 116249 A Class A Common Stock 116249 116249 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, 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, 700,000 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, and the Stock Options granted to the reporting person on September 5, 2012 were converted into options to purchase 11,625 shares of the Issuer's Class A Common Stock at an exercise price of $9.04. 1/4th of the shares subject to this award vested on August 24, 2013 and 1/36th of the shares subject to this award vested on the same day of each month thereafter, so that all such shares subject to this award were fully vested and exercisable on August 24, 2016. The Stock Options granted to the reporting person on May 5, 2016 were converted into options to purchase 16,275 shares of the Issuer's Class A Common Stock at an exercise price of $15.77. 1/5th of the shares subject to this award vested on October 1, 2016 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 this award were fully vested and exercisable on October 1, 2020. The Stock Options granted to the reporting person on December 4, 2018 were converted into options to purchase 348,749 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 this award will be fully vested and exercisable on November 1, 2022. The Stock Options granted to the reporting person on February 11, 2020 were converted into options to purchase 116,249 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 February 1, 2020 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 this award will be fully vested and exercisable on January 1, 2024. 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 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. SENIOR VICE PRESIDENT, RESEARCH & DEVELOPMENT /s/ William Krause, Attorney-in-fact 2021-03-10