| Accession Number: | 0001209191-22-024752 |
| Date: | 2022-04-14 |
| Issuer: | ARCHER AVIATION INC. (ACHR) |
| Original Submission Date: |
ADCOCK BRETT
C/O ARCHER AVIATION INC.
1880 EMBARCADERO ROAD
PALO ALTO, CA 94303
| Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
|---|
| Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CLASS B COMMON STOCK | 0.0 | 2022-04-14 | deemed execution date | D | 5,002,306 (d) | class a common stock 5,002,306 | $0.00 | 4,159,347 | direct | |||
| CLASS B COMMON STOCK | 0.0 | deemed execution date | 0 ( ) | class a common stock 27,756,278 | $0.00 | 27,756,278 | indirect | see footnote |
| ID | footnote |
|---|---|
| f1 | each share of the issuer's class b common stock is convertible into one share of the issuer's class a common stock at any time and will convert automatically upon certain transfers, whether or not for value, or upon the earliest to occur of: (i) september 16, 2031; (ii) the date specified in writing by the holders of two-thirds of the then outstanding shares of class b common stock; and (iii) the date as of which the number of outstanding shares of class b common stock represents less than 10.0% of the aggregate number of shares of class b common stock and class a common stock oustanding. |
| f2 | represents the forfeiture of performance-based restricted stock units which vested on september 16, 2021, but for which settlement was deferred pursuant to mr. adcock's award agreement with the issuer. |
| f3 | the shares are held by hight drive growth llc. mr. adcock is the sole managing member of hight drive growth llc. |
