Leibowitz Glen S 4
4 · Acreage Holdings, Inc. · Filed Mar 17, 2020
Insider Transaction Report
Form 4
Leibowitz Glen S
Chief Financial Officer
Transactions
- Sale
Common Stock - Class A Subordinate Voting Shares
[F1]2020-03-16$1.74/sh−49,491$85,867→ 1,350,948 total
Holdings
- 1,100(indirect: By IRA)
Common Stock - Class A Subordinate Voting Shares
- 240,000
Stock Option (Right to Buy)
[F2]Exercise: $25.00Exp: 2028-11-14→ Common Stock - Class A Subordinate Voting Shares (240,000 underlying) - 375,000
Class C-1 Units of High Street Capital Partners, LLC
[F3]→ Common Stock - Class A Subordinate Voting Shares (375,000 underlying)
Footnotes (3)
- [F1]Shares sold to pay taxes applicable to vesting of restricted stock units.
- [F2]One-third of the options vested on November 14, 2019. The remaining options vest ratably over the subsequent eight quarters.
- [F3]These Units represent a profits interest security and are convertible into Common Units of High Street Capital Partners, LLC at a ratio as determined by the High Street Capital Partners, LLC Third Amended and Restated Operating Agreement. Common Units are convertible into Class A Subordinate Voting Shares on a 1:1 basis or cash equivalent thereof at the option of Acreage Holdings, Inc. as set forth in the High Street Capital Partners, LLC Third Amended and Restated Operating Agreement. These Units vest 100% on March 15, 2020.
Signature
/s/ Jessica S. Lochmann, Attorney-in-Fact for Glen S. Leibowitz|2020-03-17