4//SEC Filing
McGrath Kevin Francis 4
Accession 0001654954-22-000175
CIK 0001838128other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 9:34 PM ET
Size
11.3 KB
Accession
0001654954-22-000175
Insider Transaction Report
Form 4
Lowell Farms Inc.LOWLF
McGrath Kevin Francis
Director
Transactions
- Exercise/Conversion
Subordinate Voting Shares
2021-12-31+75,000→ 763,000 total - Exercise/Conversion
Restricted Stock Units
2021-12-31−75,000→ 0 total→ Subordinate Voting Shares (75,000 underlying)
Holdings
- 5,015,984
Warrants (right to buy)
Exercise: $0.28From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (5,015,984 underlying) - 135,000
Warrants (right to buy)
Exercise: $1.81From: 2020-12-21Exp: 2023-12-21→ Subordinate Voting Shares (135,000 underlying) - 5,015,984
Convertible Debenture of Indus Holdings Company
Exercise: $0.20From: 2021-07-01Exp: 2023-10-13→ Subordinate Voting Shares (5,015,984 underlying)
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]The principal amount of the Convertible Debenture is convertible into Class C Common Shares of Indus Holding Company ("Class C Common Shares"). Class C Common Shares may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis in accordance with the certificate of incorporation of Indus Holding Company. Class C Common Shares may be redeemed at any time and have no expiration date.
- [F4]Interest accrues on the Convertible Debenture and is payable quarterly in arrears; any accrued and unpaid interest at the time of conversion of the Convertible Debenture is convertible into additional Class C Common Shares at $0.20 per share.
- [F5]The exercise price was converted from $2.20 CAD using the closing rate of exchange of the Bank of Canada on May 7, 2021. The actual exercise price is the Canadian dollar amount regardless of the exchange rate on the date of exercise.
Documents
Issuer
Lowell Farms Inc.
CIK 0001838128
Entity typeother
Related Parties
1- filerCIK 0001861608
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 9:34 PM ET
- Size
- 11.3 KB