SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Mulpuri Rao

(Last) (First) (Middle)
C/O VIEW, INC.
195 S. MILPITAS BLVD

(Street)
MILPITAS CA 95035

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CF Finance Acquisition Corp II [ VIEW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CHIEF EXECUTIVE OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
03/08/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock(1)(2) 03/08/2021 A 7,733,006 A (1)(2) 7,733,006 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $9.04 03/08/2021 A 135,972 (3) (3) Class A Common Stock 135,972 (3) 135,972 D
Stock Options $11.62 03/08/2021 A 249,937 (4) (4) Class A Common Stock 249,937 (4) 249,937 D
Stock Options $11.62 03/08/2021 A 249,937 (5) (5) Class A Common Stock 249,937 (5) 249,937 D
Stock Options $9.04 03/08/2021 A 12,112,825 (6) (6) Class A Common Stock 12,112,825 (6) 12,112,825 D
Stock Options $10 03/08/2021 A 25,000,000 (7) (7) Class A Common Stock 25,000,000 (7) 25,000,000 D
Explanation of Responses:
1. 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, each share of Legacy View common stock was converted into 0.02325 shares of the Issuer's Class A Common Stock upon the closing of the Business Combination. Upon the closing of the Business Combination, 7,500,000 restricted stock units ("RSUs") were granted to the reporting person under 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.
2. (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.
3. 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, and the Stock Options granted to the reporting person on September 5, 2012 were converted into options to purchase 135,972 shares of the Issuer's Class A Common Stock at an exercise price of $9.04. 1/60th of the shares subject to this award became vested and exercisable on September 24, 2012 and on the same day of each month for the next five years such that all shares subject to this award were fully vested and exercisable on August 24, 2017.
4. The Stock Options granted to the reporting person on August 14, 2014 were converted into options to purchase 249,937 shares of the Issuer's Class A Common Stock at an exercise price of $11.62. 1/60th of the shares subject to this award became vested and exercisable on September 1, 2014 and on the same day of each month for the next five years such that all shares subject to this award were fully vested and exercisable on August 1, 2019.
5. The Stock Options granted to the reporting person on November 12, 2015 were converted into options to purchase 249,937 shares of the Issuer's Class A Common Stock at an exercise price of $11.62. 1/60th of 232,715 of the shares subject to this award became vested and exercisable on December 1, 2015 and on the same day of each month for the next five years such that 232,715 shares subject to this award were fully vested and exercisable on November 1, 2020. 1/60th of 17,222 of the shares subject to this award became vested and exercisable on December 11, 2015 and on the same day of each month for the next five years such that 17,222 shares subject to this award were fully vested and exercisable on November 11, 2020.
6. The Stock Options granted to the reporting person on November 21, 2018 were converted into options to purchase 12,112,825 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 December 1, 2018 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 November 1, 2022.
7. Upon the closing of the Business Combination, an option to purchase 25,000,000 shares of the Issuer's Class A Common Stock was granted to the reporting person under the Issuer's 2021 Chief Executive Officer Incentive Plan at an exercise price of $10.00 per share (the "CEO Option Award"). 1/10th of the shares subject to the CEO Option Award will vest and become exercisable upon achieving any of ten predetermined share price targets of the Issuer's Class A Common Stock (based on a 60-calendar day trailing average) during the ten-year term of the CEO Option Award, subject to the reporting person's continued employment as the Issuer's Chief Executive Officer or Executive Chairman.
Remarks:
/s/ William Krause, Attorney-in-fact 03/10/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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