SEC FORM 4

SEC FORM 4 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^*

SMITH PETERSEN HENRIK

(Last)

(First)

(Middle)

777 YAMATO ROAD, SUITE 310

(Street)

BOCA RATON

33431

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Airspan Networks Holdings Inc. [ MIMO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President, Global Bus Dev

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2021

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/13/2021		A		19,215	A	⁽¹⁾	19,215	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	08/13/2021		A		292,250		⁽³⁾	⁽³⁾	Common Stock	292,250	$0	292,250	D
Stock Option (right to buy)	$1.94	08/13/2021		A		72,080		08/13/2021	06/09/2024	Common Stock	72,080	⁽⁴⁾	72,080	D
Stock Option (right to buy)	$2.53	08/13/2021		A		25,982		08/13/2021	11/04/2024	Common Stock	25,982	⁽⁵⁾	25,982	D
Stock Option (right to buy)	$2.53	08/13/2021		A		20,831		08/13/2021	01/29/2025	Common Stock	20,831	⁽⁶⁾	20,831	D
Stock Option (right to buy)	$2.66	08/13/2021		A		27,897		08/13/2021	02/03/2026	Common Stock	27,897	⁽⁷⁾	27,897	D
Stock Option (right to buy)	$3.36	08/13/2021		A		58,685		⁽⁸⁾	04/27/2027	Common Stock	58,685	⁽⁹⁾	58,685	D
Stock Option (right to buy)	$5.42	08/13/2021		A		72,495		⁽¹⁰⁾	01/29/2029	Common Stock	72,495	⁽¹¹⁾	72,495	D
Stock Option (right to buy)	$3.96	08/13/2021		A		305,694		⁽¹²⁾	02/11/2030	Common Stock	305,694	⁽¹³⁾	305,694	D
Stock Option (right to buy)	$6.29	08/13/2021		A		56,498		⁽¹⁴⁾	01/28/2031	Common Stock	56,498	⁽¹⁵⁾	56,498	D

Explanation of Responses:

1. Received in exchange for 3,331 restricted shares of Airspan Networks Inc. ("Legacy Airspan") common stock in connection with the merger of Artemis Merger Sub Corp. ("Merger Sub") with and into Legacy Airspan (the "Merger") pursuant to that certain Business Combination Agreement, dated as of March 8, 2021, by and among Airspan Networks Holdings Inc. (f/k/a New Beginnings Acquisition Corp.), Legacy Airspan and Merger Sub.

2. Each restricted stock unit ("RSU") represents a right to receive one share of Airspan Networks Holdings Inc. common stock.

3. The RSUs vest on the earliest to occur of (a) August 13, 2022, (b) Mr. Smith-Petersen's death, (c) Mr. Smith-Petersen's disability and (d) Mr. Smith-Petersen's qualifying separation, provided that Mr. Smith-Petersen continues to be employed by Legacy Airspan through such date or event.

4. Received in the Merger in exchange for a stock option to acquire 12,495 shares of Legacy Airspan common stock for $11.22 per share.

5. Received in the Merger in exchange for a stock option to acquire 4,504 shares of Legacy Airspan common stock for $14.61 per share.

6. Received in the Merger in exchange for a stock option to acquire 3,611 shares of Legacy Airspan common stock for $14.61 per share.

7. Received in the Merger in exchange for a stock option to acquire 4,836 shares of Legacy Airspan common stock for $15.32 per share.

8. The stock option vests as to 25% on April 27, 2018, and in 36 equal monthly installments thereafter.

9. Received in the Merger in exchange for a stock option to acquire 10,173 shares of Legacy Airspan common stock for $19.37 per share.

10. The stock option vests as to 25% on January 29, 2020, and in 36 equal monthly installments thereafter.

11. Received in the Merger in exchange for a stock option to acquire 12,567 shares of Legacy Airspan common stock for $31.26 per share.

12. The stock option vests as to 25% on February 11, 2021, and in 36 equal monthly installments thereafter.

13. Received in the Merger in exchange for a stock option to acquire 52,992 shares of Legacy Airspan common stock for $22.86 per share.

14. The stock option vests as to 25% on January 28, 2022, and in 36 equal monthly installments thereafter.

15. Received in the Merger in exchange for a stock option to acquire 9,794 shares of Legacy Airspan common stock for $36.30 per share.

	/s/ David Brant, Attorney-in-Fact	08/13/2021
	** 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 Number.

SEC Form 4: SMITH PETERSEN HENRIK was granted 19,215 units of Common Stock