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SWBK Switchback II Corporation

9.35
0.00 (0.00%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Switchback II Corporation NYSE:SWBK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.35 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

03/11/2021 8:30pm

Edgar (US Regulatory)


FORM 4 [X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Owodunni Precious W
2. Issuer Name and Ticker or Trading Symbol

Switchback II Corp [ SWBK ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

5949 SHERRY LANE, SUITE 1010
3. Date of Earliest Transaction (MM/DD/YYYY)

11/3/2021
(Street)

DALLAS, TX 75225
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 Ordinary Shares (1)11/3/2021  J(2)  5000 D (3)0 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Ordinary Shares  (4)11/3/2021  J (5)    40000   (4) (4)Class A Ordinary Shares 40000  (5)0 D  
Warrants (1)$11.50 11/3/2021  J (6)    1000   (7) (7)Class A Ordinary Shares 1000  (3)0 D  

Explanation of Responses:
(1) Includes securities underlying 5,000 units of the Issuer purchased for $10.00 per unit. Each unit consists of one of the Issuer's Class A Ordinary Shares and one-fifth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one of the Issuer's Class A Ordinary Shares at an exercise price of $11.50 per share.
(2) In connection with the Issuer's business combination with Bird Rides, Inc. (the "Business Combination"), each Class A Ordinary Share of the Issuer was exchanged on a one-for-one basis for shares of Class A common stock of Bird Global, Inc., the combined company ("Bird Global").
(3) The price represents the closing price of the Issuer's units on November 3, 2021.
(4) The Class B Ordinary Shares were convertible into Class A Ordinary Shares of the Issuer on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and had no expiration date.
(5) In connection with the Business Combination, each Class B Ordinary Share of the Issuer was exchanged on a one-for-one basis for shares of Class B common stock of Bird Global.
(6) In connection with the Business Combination, each warrant of the Issuer was exchanged on a one-for-one basis for warrants of Bird Global.
(7) The warrants will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination and 12 months from the closing of the Issuer's initial public offering. The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Owodunni Precious W
5949 SHERRY LANE, SUITE 1010
DALLAS, TX 75225
X



Signatures
/s/ Precious Williams Owodunni, by Jim Mutrie, as Attorney-in-Fact11/3/2021
**Signature of Reporting PersonDate

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