Ruffini Stephen C 4
4 · Village Farms International, Inc. · Filed Dec 2, 2020
Insider Transaction Report
Form 4
Ruffini Stephen C
DirectorChief Financial Officer
Transactions
- Award
Common Shares
2020-11-30+100,000→ 868,599 total - Disposition to Issuer
Restricted Stock
2020-11-30−100,000→ 100,000 totalExercise: $0.00→ Common Shares (100,000 underlying) - Sale
Common Shares
2020-11-30$11.05/sh−50,000$552,500→ 818,599 total
Footnotes (3)
- [F1]Mr. Ruffini's Restricted Stock are performance-based grants of common shares of the Issuer made pursuant to the Issuer's Shared-Based Compensation Plan, as described in the Issuer's Annual Report on Form 10-K for the year ended December 31, 2019, which vest based on the achievement of certain performance targets, the passage of time or both, and do not require payment of a conversion or exercise price. To date, the performance criteria for Restricted Stock in an amount equal to 200,000 have been satisfied. The remaining Restricted Stock will expire upon the earlier of the Reporting Person's resignation from the Issuer and March 15, 2021.
- [F2]In addition, Mr. Ruffini indirectly owns 45,800 common shares that are held indirectly through an Individual Retirement Account.
- [F3]Reflects a weighted average sale price. These shares were sold in multiple transactions at prices from $10.86 to $11.21, inclusive.