Mastec Inc - Sep 8, 2021 Form 4 Insider Report for American Virtual Cloud Technologies, Inc. (AVCT)

Role: 10%+ Owner
Signature: /s/ Albert de Cardenas
Stock symbol: AVCT
Transactions as of: Sep 8, 2021
Transactions value $: $3,453,657
Form type: 4
Date filed: 9/10/2021, 04:15 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVCT	Common Stock	Conversion of derivative security	$3.45M	+1M	+58.85%	$3.45^*	2.7M	Sep 8, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AVCT	Series A Convertible Debenture	Conversion of derivative security	$0	-3.45M	-100%	$0.00^*	0	Sep 8, 2021	Common Stock	1M	$3.45	Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Mastec Inc is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Reflects the mandatory conversion (the "Conversion") of a certain convertible debenture (the "Convertible Debenture"), subject to Securities Exchange Act of 1934 Rule 16b-6(b).
F2	Represents the principal amount (inclusive of accreted interest, pursuant to the terms of the Convertible Debenture) that was outstanding under the Convertible Debenture as of the date of Conversion.
F3	The expiration date is the date that the principal amount of the Convertible Debenture (together with all accrued but unpaid interest thereon) is paid in full, subject to mandatory conversion of the Convertible Debenture in whole pursuant to the terms thereof.
F4	Determined by dividing $3,453,655.77, the principal amount of the Convertible Debenture as of the date of Conversion, by the conversion price of $3.45.