RAUCH DAVID ERIC 4
4 · ALKALINE WATER Co INC · Filed Nov 25, 2022
Insider Transaction Report
Form 4
RAUCH DAVID ERIC
Director
Transactions
- Purchase
Common Stock
2022-11-23$0.25/sh+80,000$20,000→ 80,000 total(indirect: By Trust) - Purchase
Series E Preferred Stock
2022-11-23$1.00/sh+100,000$100,000→ 100,000 total(indirect: By Trust)
Holdings
- 100,000
Stock Options
Exercise: $0.25From: 2022-11-16Exp: 2032-11-16→ Common (100,000 underlying)
Footnotes (4)
- [F1]These shares are issued at a deemed price of $0.25 in consideration for the execution of a subscription agreement for the purchase of the Series E Preferred Stock.
- [F2]Each share of Series E Preferred Stock is convertible, after November 23, 2023, at the option of The Alkaline Water Company Inc. (the "Company"), into that number of units of the Company (each, a "Unit") determined by dividing the stated value ($1.00 per share) of such share by $0.25. Each Unit will consist of one share of common stock and one-half of one warrant with each whole warrant entitling the holder to acquire one share of common stock at an exercise price of $0.3125 for three years following conversion. A holder may, at its option, after January 31, 2023, convert all, but no less than all, of shares of Series E Preferred Stock held by such holder into that number of Units determined by dividing the stated value of such shares by $0.25. Each share of the Series E Preferred Stock will also automatically convert, upon the occurrence of a certain fundamental transaction, into that number of Units determined by dividing the stated value of such share by $0.25.
- [F3]David Rauch and Julie Rauch are the only trustees and the only beneficiaries of the David and Julie Rauch Trust. Julie Rauch is the spouse of David Rauch.
- [F4]These options vest as follows: (i) 50% on the first year anniversary of the grant date and (ii) 50% on the second year anniversary of the grant date.