Robert Bahns - Mar 31, 2021 Form 4/A - Amendment Insider Report for SmartKem, Inc. (SMTK)

Role
Chief Financial Officer, Director
Signature
/s/ Robert Bahns
Stock symbol
SMTK
Transactions as of
Mar 31, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
4/11/2022, 05:13 PM
Date Of Original Report
Apr 2, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SMTK Stock option (right to buy) Award $0 +138K $0.00 138K Mar 31, 2021 Common Stock 138K $2.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option award was made in accordance with the terms of the Issuer's UK Tax-Advantaged Sub-Plan. The option vests as to 25% of the shares on March 31, 2022 with the remaining shares to vest in (i) monthly installments of 2,867 shares over a period of 35 months commencing on April 1, 2022 and (ii) one installment of 2,891 shares on April 1, 2025.
F2 The original Form 4 filed by the Reporting Person on April 2, 2021 incorrectly reported that the option vests as to 25% of the shares on March 31, 2022 with the remaining shares to vest in equal monthly installments over a period of 36 months commencing on April 30, 2022.