0001140361-21-024841.txt : 20210719
0001140361-21-024841.hdr.sgml : 20210719
20210719200335
ACCESSION NUMBER: 0001140361-21-024841
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210715
FILED AS OF DATE: 20210719
DATE AS OF CHANGE: 20210719
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Abbott Michael P.
CENTRAL INDEX KEY: 0001868401
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39516
FILM NUMBER: 211099119
MAIL ADDRESS:
STREET 1: C/O OWLET, INC.
STREET 2: 2500 EXECUTIVE PARKWAY, SUITE 500
CITY: LEHI
STATE: UT
ZIP: 84043
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Owlet, Inc.
CENTRAL INDEX KEY: 0001816708
STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1999 AVENUE OF THE STARS
STREET 2: SUITE 2088
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 424-208-8488
MAIL ADDRESS:
STREET 1: 1999 AVENUE OF THE STARS
STREET 2: SUITE 2088
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
FORMER COMPANY:
FORMER CONFORMED NAME: Sandbridge Acquisition Corp
DATE OF NAME CHANGE: 20200702
4
1
form4.xml
FORM 4
X0306
4
2021-07-15
0001816708
Owlet, Inc.
OWLT
0001868401
Abbott Michael P.
2500 EXECUTIVE PARKWAY, SUITE 500
LEHI
UT
84043
true
true
President
Stock Options
0.3
2021-07-15
4
A
0
823370
0
A
2028-03-18
Common Stock
823370
823370
D
Stock Options
0.78
2021-07-15
4
A
0
102659
0
A
2030-03-22
Common Stock
102659
102659
D
Stock Options
7.13
2021-07-15
4
A
0
494226
0
A
2031-01-23
Common Stock
494226
494226
D
On July 15, 2021, pursuant to that certain Business Combination Agreement, dated as of February 15, 2021, by and among the Issuer, Project Olympus Merger Sub, Inc. ("Merger Sub") and Owlet Baby Care Inc. ("Owlet Baby Care"), Merger Sub merged with and into Owlet Baby Care with Owlet Baby Care surviving as a wholly owned subsidiary of the Issuer (the "Merger"). Upon consummation of the Merger (the "Effective Time"), each outstanding option to purchase shares of Owlet Baby Care common stock (each an "Owlet Baby Care Option") was automatically cancelled and converted into an option to purchase a number of shares of common stock of the Issuer equal to (i) the number of shares of Owlet Baby Care common stock subject to the applicable Owlet Baby Care Option multiplied by (ii) approximately 2.053, rounded down to the nearest whole share.
Represents an award of stock options on March 19, 2018, which vests with respect to 25% of the options on February 26, 2019 and as to the remaining 75% in 36 monthly installments thereafter, subject to the reporting person's continued service through the applicable vesting date.
Represents an award of stock options on March 23, 2020, which vests in 48 monthly installments beginning on January 1, 2020, subject to the reporting person's continued service through the applicable vesting date.
Represents an award of stock options on January 24, 2021, which vests in 48 monthly installments beginning on January 1, 2021, subject to the reporting person's continued service through the applicable vesting date.
/s/ Jacob Briem, Attorney-in-Fact
2021-07-19