Sec Form 4 Filing - Glasman Zvi @ FARADAY FUTURE INTELLIGENT ELECTRIC INC. - 2021-07-21

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Glasman Zvi
2. Issuer Name and Ticker or Trading Symbol
FARADAY FUTURE INTELLIGENT ELECTRIC INC. [ FFIE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
C/O FARADAY FUTURE INTELLIGENT ELECTRIC, INC., 18455 S. FIGUEROA STREET
3. Date of Earliest Transaction (MM/DD/YY)
07/21/2021
(Street)
GARDENA, CA90248
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 2.767 07/21/2021 A 113,039 ( 2 ) 01/20/2031 Class A Common Stock 113,039 ( 1 ) 113,039 D
Stock Option (Right to Buy) $ 2.767 07/21/2021 A 56,519 ( 3 ) 01/20/2031 Class A Common Stock 56,519 ( 1 ) 56,519 D
Stock Option (Right to Buy) $ 2.767 07/21/2021 A 56,519 ( 4 ) 01/20/2031 Class A Common Stock 56,519 ( 1 ) 56,519 D
Stock Option (Right to Buy) $ 2.767 07/21/2021 A 56,519 ( 5 ) 01/20/2031 Class A Common Stock 56,519 ( 1 ) 56,519 D
Stock Option (Right to Buy) $ 2.767 07/21/2021 A 113,040 ( 6 ) 01/20/2031 Class A Common Stock 113,040 ( 1 ) 113,040 D
Stock Option (Right to Buy) $ 2.767 07/21/2021 A 56,519 ( 7 ) 01/20/2031 Class A Common Stock 56,519 ( 1 ) 56,519 D
Stock Option (Right to Buy) $ 2.767 07/21/2021 A 56,520 ( 8 ) 01/20/2031 Class A Common Stock 56,520 ( 1 ) 56,520 D
Stock Option (Right to Buy) $ 2.767 07/21/2021 A 56,519 ( 9 ) 01/20/2031 Class A Common Stock 56,519 ( 1 ) 56,519 D
Stock Option (Right to Buy) $ 2.767 07/21/2021 A 70,649 07/21/2021 01/20/2031 Class A Common Stock 70,649 ( 1 ) 70,649 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Glasman Zvi
C/O FARADAY FUTURE INTELLIGENT ELECTRIC
INC., 18455 S. FIGUEROA STREET
GARDENA, CA90248
Chief Financial Officer
Signatures
/s/ Jarret Johnson, attorney-in-fact for Zvi Glasman 07/23/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the Agreement and Plan of Merger, dated January 27, 2021, as amended, by and among Property Solutions Acquisitions Corp. ("PSAC"), PSAC Merger Sub Ltd., and FF Intelligent Mobility Global Holdings Ltd. ("FF") (the "Merger Agreement"), the merger pursuant to which closed on July 21, 2021 ("Closing"), (i) each outstanding share of FF common stock held by the reporting person converted into the right to receive shares of the Issuer's Class A common stock using an exchange ratio of 0.1413 (the "Exchange Ratio"), and (ii) each outstanding and unexercised option to purchase shares of FF common stock converted into an option to purchase shares of the Issuer's common stock, with necessary adjustments to reflect the Exchange Ratio but otherwise the same terms and conditions. On the Closing date, the closing price of the Issuer's common stock was $13.78. Following Closing, the Issuer will be renamed "Faraday Future Intelligent Electric Inc."
( 2 )These stock options vest 25% on May 30, 2023, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.
( 3 )These stock options vest in a series of 48 equal monthly installments starting on May 30, 2023, subject to the reporting person's continued employment through the applicable vesting date.
( 4 )These stock options vest in a series of 48 equal monthly installments starting on May 30, 2024, subject to the reporting person's continued employment through the applicable vesting date.
( 5 )These stock options vest in a series of 48 equal monthly installments starting on May 30, 2025, subject to the reporting person's continued employment through the applicable vesting date.
( 6 )These stock options vest in a series of 48 equal monthly installments starting on December 28, 2020, subject to the reporting person's continued employment through the applicable vesting date.
( 7 )These stock options vest in a series of 48 equal monthly installments starting on December 28, 2021, subject to the reporting person's continued employment through the applicable vesting date.
( 8 )These stock options vest in a series of 48 equal monthly installments starting on December 28, 2022, subject to the reporting person's continued employment through the applicable vesting date.
( 9 )These stock options vest in a series of 48 equal monthly installments starting on December 28, 2023, subject to the reporting person's continued employment through the applicable vesting date.

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