Harkness Stephanie 4

4 · Lowell Farms Inc. · Filed Jan 4, 2022

Form 4

Period: 2021-12-31

Director

Transactions

Exercise/Conversion
Subordinate Voting Shares
2021-12-31+75,000→ 135,000 total
Exercise/Conversion
Restricted Stock Units
2021-12-31−75,000→ 0 total
→ Subordinate Voting Shares (75,000 underlying)

Holdings

Warrants (right to buy Class B Common Shares)
Exercise: $1.02From: 2016-03-15Exp: 2026-03-15→ Subordinate Voting Shares (22,500 underlying)
22,500
Class B Common Shares
(indirect: By Immediate Family Member)
→ Subordinate Voting Shares (482,667 underlying)
482,667
Class B Common Shares
(indirect: By Trust)
→ Subordinate Voting Shares (190,231 underlying)
190,231
Warrants (right to buy Class B Common Shares)
(indirect: By Trust)
Exercise: $2.03From: 2016-10-31Exp: 2026-12-20→ Subordinate Voting Shares (245,724 underlying)
245,724
Class B Common Shares
→ Subordinate Voting Shares (811,104 underlying)
811,104
Stock options (right to buy)
Exercise: $2.03From: 2018-07-18Exp: 2024-07-18→ Subordinate Voting Shares (10,000 underlying)
10,000
Warrants (right to buy Class B Common Shares)
Exercise: $2.03From: 2018-08-28Exp: 2023-08-28→ Subordinate Voting Shares (155,000 underlying)
155,000

Footnotes (5)

[F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one Subordinate Voting Share on the vesting date.
[F2]The RSUs vested on December 31, 2021.
[F3]Class B Common Shares of Indus Holding Company ("Class B Common Shares") may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis or, at the option of Indus Holding Company, for the cash equivalent of such Subordinate Voting Shares, as determined in accordance with the certificate of incorporation of Indus Holding Company. Class B Common Shares may be redeemed at any time and have no expiration date.
[F4]Ms. Harkness disclaims beneficial ownership of the Class B Common Shares and warrants held by the Harkness Family Trust except to the extent of her pecuniary interest therein.
[F5]The shares are held of record by Ms. Harkness's spouse. Ms. Harkness disclaims beneficial ownership of such shares.

Documents

1 file