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