Mark L. Ainsworth - 13 Jan 2022 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Chief Executive Officer, Director
Signature
/s/ Mark Ainsworth
Issuer symbol
LOWLF
Transactions as of
13 Jan 2022
Net transactions value
$0
Form type
4
Filing time
18 Jan 2022, 17:12:07 UTC
Previous filing
05 Jan 2022
Next filing
29 Dec 2022
SEC
View on sec.gov

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 LOWLF Stock options (right to buy) Award $0 +125,000 $0.000000 125,000 13 Jan 2022 Subordinate Voting Shares 125,000 $0.3077 Direct F1
transaction LOWLF Stock options (right to buy) Award $0 +75,000 $0.000000 75,000 13 Jan 2022 Subordinate Voting Shares 75,000 $0.3077 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the options vest and become exercisable on each of the first four anniversaries of the date of grant.
F2 25% of the options vest and become exercisable at the end of each calendar quarter in 2022.