Form Type: 4

SEC EDGAR Link
Accession Number:0001774155-22-000140
Date:2022-12-01
Issuer: BTRS HOLDINGS INC. (BTRS)
Original Submission Date:

Reporting Person:

HERNING ANDREW J
C/O BTRS HOLDINGS INC.
1009 LENOX DRIVE, SUITE 101 LAWRENCEVILLE, NJ 08648

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS 1 COMMON STOCK 2022-12-01 M 106,608 a $1.77 199,419 direct
CLASS 1 COMMON STOCK 2022-12-01 M 37,175 a $2.19 236,594 direct
CLASS 1 COMMON STOCK 2022-12-01 M 7,914 a $2.19 244,508 direct
CLASS 1 COMMON STOCK 2022-12-01 S 30,456 d $9.46 214,052 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
STOCK OPTION (RIGHT TO BUY) 1.77 2022-12-01 deemed execution date M 106,608 (d) 2025-12-15 class 1 common stock 106,608 $1.77 0 direct
STOCK OPTION (RIGHT TO BUY) 2.19 2022-12-01 deemed execution date M 37,175 (d) 2030-05-11 class 1 common stock 37,175 $2.19 27,107 direct
STOCK OPTION (RIGHT TO BUY) 2.19 2022-12-01 deemed execution date M 7,914 (d) 2030-05-11 class 1 common stock 7,914 $2.19 0 direct
Footnotes
IDfootnote
f1 the transaction reported represents the sale of shares by the reporting person to pay the exercise price and related fees in connection with the exercise of stock options as disclosed in table ii.
f2 these stock options were granted december 16, 2015 and vested and became exercisable in eight semi-annual installments, subject to the reporting person's continuous service.
f3 these stock options were granted may 12, 2020 and vested and became exercisable in eight semi-annual installments, subject to the reporting person's continuous service.
f4 these stock options were granted may 12, 2020 and vested and became exercisable in four semi-annual installments, subject to the reporting person's continuous service.
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