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4//SEC Filing

Greenwood Maryscott 4

Accession 0001209191-20-052488

CIK 0001731348other

View on SEC.gov Company Profile

Filed

Sep 29, 8:00 PM ET

Accepted

Sep 30, 5:50 PM ET

Size

12.3 KB

Accession

0001209191-20-052488

Insider Transaction Report

Form 4

Period: 2020-09-30

Tilray, Inc.TLRY

Greenwood Maryscott

Director

Transactions

Award
Restricted Stock Units
2020-09-30−15,383→ 0 total
From: 2020-09-30→ Class 2 Common Stock (15,383 underlying)
Exercise/Conversion
Class 2 Common Stock
2020-09-30+15,313→ 31,704 total
Award
Restricted Stock Units
2020-09-30−15,313→ 0 total
From: 2020-09-30→ Class 2 Common Stock (15,313 underlying)
Exercise/Conversion
Class 2 Common Stock
2020-09-30+15,383→ 47,087 total

Footnotes (6)

[F1]Each restricted stock unit ("RSU") converted into one share of Class 2 Common Stock.
[F2]Each RSU represents a contingent right to receive one share of the Issuer's Class 2 Common Stock.
[F3]The RSUs shall vest at the rate of 25% of the RSUs on the twelve (12) month anniversary of June 1, 2018 (the "Vesting Date"), and the remaining RSUs will vest quarterly thereafter at the rate of 6.25% of the total number of RSUs on each quarterly anniversary of the Vesting Date thereafter for so long as the Reporting Person remains in Continuous Service (as defined in the Issuer's 2018 Equity Incentive Plan), such that the total number of RSUs shall be fully vested on the four-year anniversary of the Vesting Date.
[F4]Pursuant to a Separation Agreement, dated August 6, 2020, between the Issuer and the Reporting Person, effective as of September 30, 2020, all unvested shares subject to the RSU vested.
[F5]The RSUs shall vest in full upon the earlier of (1) the date of the 2021 Annual Meeting of Stockholders of the Issuer and (2) the one-year anniversary of May 28, 2020 so long as the Reporting Person remains in Continuous Service (as defined in the Issuer's 2018 Equity Incentive Plan), through such vesting date.
[F6]Pursuant to a Separation Agreement, dated August 6, 2020, between the Issuer and the Reporting Person, (1) 10,989 shares subject to the RSU were forfeited for no consideration on August 6, 2020, and (2) 15,383 shares subject to the RSU vested as of September 30, 2020.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

Tilray, Inc.

CIK 0001731348

Entity typeother

Related Parties

1

filerCIK 0001746224

Filing Metadata

Form type: 4
Filed: Sep 29, 8:00 PM ET
Accepted: Sep 30, 5:50 PM ET
Size: 12.3 KB

View on SEC.gov