Solomita Daniel 4
4 · Loop Industries, Inc. · Filed Nov 27, 2019
Insider Transaction Report
Form 4
Solomita Daniel
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Common stock
2016-11-15$0.00/sh+1,600,000$160→ 18,600,000 total(indirect: See footnote) - Award
Common stock
2019-10-15+4,000,000→ 4,000,000 total - Award
Series A convertible preferred stock
2016-02-19+1→ 1 totalExercise: $0.00→ Common stock (1 underlying)
Footnotes (4)
- [F1]Daniel Solomita (the "Reporting Person") signed share purchase agreements, dated October 27, 2015, with each of Rocas Limited, Humber AG and Jackson Bennett LLC, to purchase 475,000 shares, 500,000 shares, and 625,000 shares, respectively, of the common stock of Loop Industries, Inc. (the "Issuer"), the transfers were held and were settled on November 15, 2016.
- [F2]Shares held through 10036552 Canada Inc., a Canadian corporation that is wholly-owned by Daniel Solomita, pursuant to an exchange agreement, dated May 31, 2017.
- [F3]Shares underlying restricted stock units approved by the Board and were issued following the annual general meeting of shareholders of the Issuer, following the shareholder's approval of an increase in the number of shares of common stock reserved under the equity incentive plan. On October 15, 2019, 200,000 restricted stock units were settled.
- [F4]The convertible preferred stock is convertible at any time, at the holder's election, and has no expiration date.