Livio Susin - Feb 8, 2023 Form 3 Insider Report for Lucy Scientific Discovery, Inc. (LSDI)

Role
Director
Signature
/s/ Brian Zasitko, Attorney-in-Fact
Stock symbol
LSDI
Transactions as of
Feb 8, 2023
Transactions value $
$0
Form type
3
Date filed
2/9/2023, 09:36 AM
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LSDI Common Shares 126K Feb 8, 2023 Direct

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
holding LSDI Stock Option (right to buy) Feb 8, 2023 Common Shares 25K $1.73 Direct F1
holding LSDI Convertible Note Feb 8, 2023 Common Shares $22K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Conversion price was converted from Canadian dollars to US dollars based on the noon rate of US$1.00 = CAD$1.2806 on December 28, 2020.
F2 Pursuant to a debt settlement agreement between the issuer and the reporting person, the note is convertible into common shares automatically upon the closing of the issuer's initial public offering at a 40% discount to the initial offering price.
F3 Represents the principal amount of the convertible note and excludes interest that may accrue. Interest on the convertible note is payable annually, in cash or common shares, at the holder's discretion.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney