4//SEC Filing
Ainsworth Mark L 4
Accession 0001654954-22-000182
CIK 0001838128other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 6:02 AM ET
Size
13.1 KB
Accession
0001654954-22-000182
Insider Transaction Report
Form 4
Lowell Farms Inc.LOWLF
Ainsworth Mark L
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Subordinate Voting Shares
2022-01-01+33,333→ 483,333 total - Tax Payment
Subordinate Voting Shares
2022-01-01$0.35/sh−33,333$11,810→ 450,000 total - Exercise/Conversion
Restricted Stock Units
2022-01-01−33,333→ 66,667 total→ Subordinate Voting Shares (33,333 underlying)
Holdings
- 50,000
Stock options (right to buy)
Exercise: $0.85Exp: 2026-01-01→ Subordinate Voting Shares (50,000 underlying) - 500,000
Stock options (right to buy)
Exercise: $0.35Exp: 2026-04-15→ Subordinate Voting Shares (500,000 underlying) - 1,019,765
Class B Common Shares of Indus Holding Company
→ Subordinate Voting Shares (1,019,765 underlying)
Footnotes (6)
- [F1]No shares were sold by the Reporting Person. These shares were withheld by the Issuer to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested and were settled on January 1, 2022 as originally scheduled, and there were no related discretionary transactions or open market sales
- [F2]Each RSU represents a contingent right to receive one Subordinate Voting Share on the vesting date.
- [F3]The RSUs vest in three equal annual installments beginning on January 1, 2022.
- [F4]50% of the options were vested and exercisable as of the date of this Form 4. The remainder of the options vest and become exercisable in two equal annual installments beginning on January 1, 2023.
- [F5]25% of the options were vested and exercisable as of May 10, 2021. The remainder of the options vest and become exercisable in three equal annual installments beginning on April 15, 2022.
- [F6]Class B Common Shares of Indus Holding Company may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis or, at the option of Indus Holding Company, for the cash equivalent of such Subordinate Voting Shares, as determined in accordance with the certificate of incorporation of Indus Holding Company. Class B Common Shares may be redeemed at any time and have no expiration date.
Documents
Issuer
Lowell Farms Inc.
CIK 0001838128
Entity typeother
Related Parties
1- filerCIK 0001861849
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 6:02 AM ET
- Size
- 13.1 KB