Statement of Changes in Beneficial Ownership (4)
01 June 2023 - 7:02AM
Edgar (US Regulatory)
FORM 4
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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).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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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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1. Name and Address of Reporting Person
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Chung Bum-Jin |
2. Issuer Name and Ticker or Trading Symbol
NUSCALE POWER Corp
[
SMR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
6650 SW REDWOOD LANE, SUITE 210 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/1/2022 |
(Street)
PORTLAND, OR 97224 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to
satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 3/1/2023 | | M | | 2676 | A | $0 | 2676 | D | |
Class A Common Stock | 5/26/2023 | | M | | 1733 | A | $0 | 4409 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. 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 Date | 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 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 |
Restricted Stock Unit | (1) | 12/1/2022 | | A | | 13659 | | (2) | (2) | Class A Common Stock | 13659 | $0 | 13659 (2) | D | |
Restricted Stock Unit | (1) | 3/1/2023 | | M | | | 2676 | (2) | (2) | Class A Common Stock | 1835 | $0 | 10983 (2) | D | |
Restricted Stock Unit | (1) | 5/26/2023 | | M | | | 1733 | (2) | (2) | Class A Common Stock | 1733 | $0 | 9250 (2) | D | |
Restricted Stock Unit | (1) | 5/26/2023 | | A | | 14120 | | (3) | (3) | Class A Common Stock | 14120 | $0 | 14120 (3) | D | |
Explanation of Responses: |
(1) | Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. |
(2) | On December 1, 2022, Mr. Chung joined the board. The board awarded him 7,339 restricted stock units as the 2022 annual award that will vest quarterly beginning March 1, 2023, until it is vested after one year, and 10,091 restricted stock units as a one-time award that will vest quarterly beginning March 1, 2023, over three years. All units not vested and nonforfeitable will be forfeited to the Company upon termination of service. On May 26, 2023, the board approved the accelerated vesting of all shares under the annual award through May 26, 2023, and canceled the remainder of the award. |
(3) | On May 26, 2023, the board awarded 14,120 restricted stock units as the annual award that will vest quarterly beginning August 26, 2023, until it is vested after one year. All restricted stock units that are not vested and nonforfeitable will be forfeited to the Company upon termination of service. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Chung Bum-Jin 6650 SW REDWOOD LANE, SUITE 210 PORTLAND, OR 97224 | X |
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Signatures
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Patrick C. Cannon, attorney-in-fact for Bum-Jin Chung | | 5/31/2023 |
**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). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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