Sec Form 3 Filing - Bull Jason @ Benson Hill, Inc. - 2021-09-29

Insider filing report for Changes in Beneficial Ownership
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FORM 3
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
Bull Jason
2. Issuer Name and Ticker or Trading Symbol
Benson Hill, Inc. [ BHIL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Technology Officer
(Last) (First) (Middle)
C/O BENSON HILL, INC.,, 1001 NORTH WARSON RD.
3. Date of Earliest Transaction (MM/DD/YY)
09/29/2021
(Street)
ST. LOUIS, MO63132
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
Common Stock Option (right to buy) $ 1.35 ( 1 ) 05/31/2030 Common Stock 215,080 D
Common Stock Option (right to buy) $ 1.99 ( 2 ) 02/08/2031 Common Stock 161,310 D
Common Stock Option (right to buy) $ 1.99 ( 3 ) 02/28/2031 Common Stock 107,540 D
Earn Out Awards ( 6 ) ( 4 )( 5 ) 09/28/2031 Common Stock 81,528 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bull Jason
C/O BENSON HILL, INC.,
1001 NORTH WARSON RD.
ST. LOUIS, MO63132
Chief Technology Officer
Signatures
/s/ Yevgeny Fundler, Attorney-in-Fact 10/08/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Granted on June 1, 2020. The common stock options vest in equal yearly installments over four years until fully vested on June 1, 2024.
( 2 )Granted on February 9, 2021. The common stock options vest in equal yearly installments over four years until fully vested on February 9, 2025.
( 3 )Granted on February 9, 2021. One-quarter of the common stock options vested on September 29, 2021 in connection with the Business Combination (as defined below) and the remaining common stock options vest in equal yearly installments over 3 years until fully vested on September 29, 2024.
( 4 )On September 29, 2021 (the "Closing Date"), the reporting person was granted 81,528 restricted stock units as Earn Out Awards in connection with the consummation of the business combination pursuant to the terms of the merger agreement dated as of May 8, 2021 by and among Star Peak Corp II (the Issuer's predecessor), STPC Merger Sub Corp. and Benson Hill, Inc. (n/k/a Benson Hill Holdings, Inc.).
( 5 )The restricted stock units vest (i) one-half if the dollar volume-weighted average closing price is greater than or equal to $14.00 over any 20 trading days within any 30 consecutive trading day period; and (ii) one-half if the dollar volume-weighted average closing price is greater than or equal to $16.00 over any 20 trading days within any 30 consecutive trading day period. Any restricted stock units that do not vest within three years of the Closing Date will be forfeited and canceled. Settlement will generally occur within 10 days of vesting and may at the discretion of the plan administrator be settled in each or partly in cash and partly in shares.
( 6 )Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

Remarks:
Exhibit List: Exhibit 24 - Power of Attorney

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