Conyers Park III Sponsor LLC - Sep 23, 2021 Form 4 Insider Report for Conyers Park III Acquisition Corp. (CPAA)

Role: 10%+ Owner
Signature: /s/ Brian K. Ratzan as Authorized Signatory
Stock symbol: CPAA
Transactions as of: Sep 23, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/23/2021, 05:34 PM
Previous filing: Aug 9, 2021

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	CPAA	Class B common stock	Other		-1.14M	-11.42%		8.83M	Sep 23, 2021	Class A common stock	1.14M		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	This Form 4 reflects the automatic surrender to the issuer of 1,137,500 shares of the issuer's Class B common stock, par value $0.0001 per share ("Class B Shares"), for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the expiration of the option of the underwriters of the issuer's initial public offering to purchase additional units.
F2	As described in the issuer's registration statement on Form S-1 (File No. 333-257698) under the heading "Description of Securities--Founder Shares," the Class B Shares will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.

Content

This Form 4 reflects the automatic surrender to the issuer of 1,137,500 shares of the issuer's Class B common stock, par value $0.0001 per share ("Class B Shares"), for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the expiration of the option of the underwriters of the issuer's initial public offering to purchase additional units.

As described in the issuer's registration statement on Form S-1 (File No. 333-257698) under the heading "Description of Securities--Founder Shares," the Class B Shares will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.