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*
SK ecoplant Co., Ltd.

(Last) (First) (Middle)
19 YULGOK-RO 2-GIL JONGNO-GU

(Street)
SEOUL M5 03149

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Bloom Energy Corp [ BE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/20/2023
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
Rule 10b5-1(c) Transaction Indication

  
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.
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
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 (Right to Buy) $0 03/20/2023 J(1) 13,491,701(1)(2) (1)(2) (1)(2) Class A Common Stock 13,491,701(1)(2) $23.05(1) 0 I(2)(3) Held by Econovation, LLC(3)
Stock Options (Right to Buy) $0 03/20/2023 J(1) 13,491,701(1) (1)(2) (1)(2) Series B Redeemable Convertible Stock 13,491,701(1)(2) $23.05(1) 13,491,701 I(2)(3) Held by Econovation, LLC(3)
Explanation of Responses:
1. On August 10, 2022, SK ecoplant Co., Ltd. ("SK") delivered a notice to Bloom Energy Corporation ("Bloom") to purchase 13,491,701 shares of Bloom in connection with its option to purchase shares of Bloom's Class A Common Stock.
2. On February 27, 2023, SK, Econovation, LLC ("Econovation") and Bloom entered into an Early Close Agreement, whereby SK effectively assigned its right to purchase shares of Bloom's stock, such that upon SK's exercise of its purchase right, Bloom would issue such shares to Econovation. On March 20, 2023, SK and Bloom amended SK's purchase right to give SK the right to purchase the same number of shares of Bloom's Series B Redeemable Convertible Preferred Stock at the same price. The Series B Redeemable Convertible Preferred Stock may be converted into Class A Common Stock at any time prior to, but no later than, the date six months after issuance.
3. Represents indirect ownership of 13,491,701 shares of Series B Redeemable Convertible Preferred Stock of Bloom via Econovation, of which SK is Econovation's managing member.
/s/ Seongjun Bae, Director 03/22/2023
** 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).
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