Horn Sidney Mortimer 4/A
4/A · Loop Industries, Inc. · Filed Jul 16, 2019
Insider Transaction Report
Form 4/AAmended
Horn Sidney Mortimer
Director
Transactions
- Award
Restricted Stock Units
2019-06-27+18,305→ 28,510 total→ Common Stock (18,305 underlying) - Exercise/Conversion
Common Stock
2019-06-28+10,205→ 10,205 total - Exercise/Conversion
Restricted Stock Units
2019-06-28−10,205→ 18,305 total→ Common Stock (10,205 underlying)
Footnotes (5)
- [F1]The restricted stock units (the "RSUs") convert into Loop Industries, Inc.'s (the "Issuer") common stock on a one-for-one basis.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F3]All of the RSUs shall be fully vested subject thereto upon the earlier of the one (1) year anniversary of the grant date or on the day prior to the Issuer's next annual meeting of stockholders occurring after the grant date, in each case, provided that the Reporting Person continues to serve as a non-employee director through the applicable vesting date.
- [F4]The RSUs vested on June 28, 2019, and were settled on June 28, 2019 in shares of the Issuer's common stock on a one-for-one basis.
- [F5]This Amendment to the Form 4, filed with the Securities and Exchange Commission on July 1, 2019, corrects the Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) of certain of the RSUs granted to the Reporting Person in his capacity as a director of the Issuer.