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