0000899243-21-011074.txt : 20210310
0000899243-21-011074.hdr.sgml : 20210310
20210310185240
ACCESSION NUMBER: 0000899243-21-011074
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: Prakash Vidul
CENTRAL INDEX KEY: 0001732987
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39470
FILM NUMBER: 21731285
MAIL ADDRESS:
STREET 1: C/O SUNPOWER CORPORATION
STREET 2: 77 RIO ROBLES
CITY: SAN JOSE
STATE: CA
ZIP: 94035
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
0001732987
Prakash Vidul
C/O VIEW, INC.
195 S. MILPITAS BLVD
MILPITAS
CA
95035
0
1
0
0
CHIEF FINANCIAL OFFICER
Class A Common Stock
2021-03-08
4
A
0
1000000
A
1000000
D
Stock Options
9.04
2021-03-08
4
A
0
1162499
A
Class A Common Stock
1162499
1162499
D
Stock Options
10.00
2021-03-08
4
A
0
1000000
A
Class A Common Stock
1000000
1000000
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, 1,000,000 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. The Stock Options granted to the reporting person on May 15, 2019 were converted into options to purchase 1,162,499 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 April 1, 2019 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 March 1, 2023.
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 1,000,000 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.
/s/ William Krause, Attorney-in-fact
2021-03-10