0000929638-24-001260.txt : 20240327 0000929638-24-001260.hdr.sgml : 20240327 20240327190115 ACCESSION NUMBER: 0000929638-24-001260 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240326 FILED AS OF DATE: 20240327 DATE AS OF CHANGE: 20240327 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Barker Robert CENTRAL INDEX KEY: 0002007837 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41013 FILM NUMBER: 24792637 MAIL ADDRESS: STREET 1: C/O GCT SEMICONDUCTOR, INC. STREET 2: 2290 NORTH 1ST STREET, SUITE 201 CITY: SAN JOSE STATE: CA ZIP: 95131 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Concord Acquisition Corp III CENTRAL INDEX KEY: 0001851961 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 862171699 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 477 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-883-4330 MAIL ADDRESS: STREET 1: 477 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 4 1 form4.xml X0508 4 2024-03-26 0001851961 Concord Acquisition Corp III GCTS 0002007837 Barker Robert C/O GCT SEMICONDUCTOR HOLDING, INC. 2290 NORTH 1ST STREET, SUITE 201 SAN JOSE CA 95131 true true Class II Director false Common Stock, par value $0.0001 per share 2024-03-26 4 A 0 13073 0 A 13073 D Common Stock, par value $0.0001 per share 2024-03-26 4 A 0 3735 0 A 3735 D Stock Option (Right to Buy) 0.11 2024-03-26 4 A 0 933 0 A 2029-01-01 Common Stock 933 933 D Stock Option (Right to Buy) 0.11 2024-03-26 4 A 0 1867 0 A 2030-01-01 Common Stock 1867 1867 D Pursuant to the Business Combination Agreement, dated as of November 2, 2023 (the "Business Combination Agreement"), by and among Concord Acquisition Corp III, Gibraltar Merger Sub Inc., and GCT Semiconductor, Inc. ("GCT"), at the Effective Time (as defined in the Business Combination Agreement), each share of GCT common stock was automatically converted for the right to receive common stock of the Issuer in the manner set forth in the Business Combination Agreement. Represents the Issuer's common stock subject to restricted stock units (RSUs). Pursuant to the Business Combination Agreement, at the Effective Time (as defined in the Business Combination Agreement), each award of restricted stock units relating to a share of GCT common stock granted under GCT's existing equity plans was automatically converted into an award of restricted stock units covering the number of shares of the common stock of the Issuer in the manner set forth in the Business Combination Agreement. The shares subject to RSUs reported herein will vest in equal annual installments over a four (4) year period measured from December 11, 2023. Pursuant to the Business Combination Agreement, at the Effective Time, each outstanding option to purchase shares of GCT common stock was assumed and converted into an option to purchase shares of common stock of the Issuer with the same terms and conditions as were applicable to such option immediately prior to the Effective Time, subject to the applicable exchange ratio. The option vests with respect to (i) twenty-five percent (25%) of the shares upon completion of one (1) year of service measured from January 1, 2019 and (ii) the balance of the shares subject to the option in a series of thirty-six (36) successive equal monthly installments upon completion of each additional month of service over the thirty-six (36) month period measured from January 1, 2020. The option vests with respect to (i) twenty-five percent (25%) of the shares upon completion of one (1) year of service measured from January 1, 2020 and (ii) the balance of the shares subject to the option in a series of thirty-six (36) successive equal monthly installments upon completion of each additional month of service over the thirty-six (36) month period measured from January 1, 2021. /s/ Edmond Cheng, attorney-in-fact 2024-03-27