4//SEC Filing
Allen George 4
Accession 0001654954-22-013339
CIK 0001838128other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 4:21 PM ET
Size
17.2 KB
Accession
0001654954-22-013339
Insider Transaction Report
Form 4
Lowell Farms Inc.LOWLF
Allen George
Director10% Owner
Transactions
- Other
Warrants (right to buy)
2022-09-30−20,716,480→ 1,965,675 total(indirect: See footnote)Exercise: $0.28From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (20,716,480 underlying) - Other
Convertible Debenture of Indus Holding Company
2022-09-30−4,143,296→ 393,135 total(indirect: See footnote)Exercise: $0.20From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (20,716,480 underlying)
Holdings
- 800,063(indirect: See footnote)
Warrants (right to buy)
Exercise: $0.28From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (800,063 underlying) - 1,465,748(indirect: See footnote)
Convertible Debenture of Indus Holding Company
Exercise: $0.20From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (1,465,748 underlying) - 7,328,738(indirect: See footnote)
Warrants (right to buy)
Exercise: $0.28From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (7,328,738 underlying) - 160,013(indirect: See footnote)
Convertible Debenture of Indus Holding Company
Exercise: $0.20From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (160,013 underlying)
Footnotes (6)
- [F1]The principal amount of each convertible debenture is convertible into Class C Common Shares of Indus Holding Company ("Class C Common Shares") at $0.20 per share. Class C Common Shares may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis in accordance with the certificate of incorporation of Indus Holding Company. Class C Common Shares may be redeemed at any time and have no expiration date.
- [F2]Interest accrues on the convertible debentures and is payable quarterly in arrears; any accrued and unpaid interest at the time of conversion of a convertible debenture is convertible into additional Class C Common Shares at $0.20 per share. Accrued interest is not included in the underlying share numbers.
- [F3]The transfers constituted the redemption of membership interests in Geronimo Fund. The value of the consideration for the transferred derivative securities is deemed to be the value of such redeemed membership interests.
- [F4]Geronimo Fund is the record holder of the convertible debenture and warrants. Mr. Allen disclaims beneficial ownership of the convertible debenture and warrants held by Geronimo Fund except to the extent of his pecuniary interest therein. Geronimo Capital disclaims beneficial ownership of the convertible debenture and warrants held by Geronimo Fund.
- [F5]Geronimo Capital is the record holder of the convertible debenture and warrants.
- [F6]CVOF Manager is the record holder of the convertible debenture and warrants. Mr. Allen disclaims beneficial ownership of the convertible debenture and warrants held by CVOF Manager except to the extent of his pecuniary interest therein. Geronimo Capital disclaims beneficial ownership of the convertible debenture and warrants held by CVOF Manager.
Documents
Issuer
Lowell Farms Inc.
CIK 0001838128
Entity typeother
Related Parties
1- filerCIK 0001548443
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 4:21 PM ET
- Size
- 17.2 KB