Jill Barnett - Jul 10, 2021 Form 4 Insider Report for SunOpta Inc. (STKL)

Role
Chief Administrative Officer
Signature
/s/ Jill Barnett
Stock symbol
STKL
Transactions as of
Jul 10, 2021
Transactions value $
-$61,736
Form type
4
Date filed
7/13/2021, 07:50 PM
Previous filing
Jun 21, 2021
Next filing
Feb 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STKL Common Shares Options Exercise +8.14K +6.7% 130K Jul 10, 2021 Direct F1
transaction STKL Common Shares Tax liability -$49.4K -4.01K -3.09% $12.33 126K Jul 10, 2021 Direct F2
transaction STKL Common Shares Options Exercise +2.04K +1.62% 128K Jul 10, 2021 Direct F3
transaction STKL Common Shares Tax liability -$12.4K -1K -0.79% $12.33 127K Jul 10, 2021 Direct F4

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 STKL Performance Stock Units Options Exercise $0 -8.14K -33.33% $0.00 16.3K Jul 10, 2021 Common Shares 8.14K Direct F1, F5, F6
transaction STKL Restricted Stock Units Options Exercise $0 -2.04K -33.33% $0.00 4.07K Jul 10, 2021 Common Shares 2.04K Direct F3, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
F2 This line item reflects the deemed disposition of shares withheld by the Company to satisfy income tax withholding requirements in connection with the vesting of the PSUs.
F3 Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
F4 This line item reflects the deemed disposition of shares withheld by the Company to satisfy income tax withholding requirements in connection with the vesting of the RSUs.
F5 The reporting person was granted performance stock units (the "Performance Units") on July 10, 2020. The vesting of the Performance Units is subject to the satisfaction of certain fiscal year EBITDA achieved during the period commencing on the grant date and ending on December 31, 2022 (the "Performance Period"). For the EBITDA performance conditions, 1/3 of the Performance Units will vest upon the Company achieving annual adjusted EBITDA of $80,000,000, another 1/3 will vest upon the Company achieving annual adjusted EBITDA of $100,000,000, and the final 1/3 will vest upon the Company achieving annual adjusted EBITDA of $110,000,000 during the Performance Period, and subject to continued employment through the end of the fiscal year the EBITDA performance condition is achieved.
F6 The Performance Stock Units do not have an expiration date.
F7 The Restricted Stock Units vest in three equal annual installments beginning on July 10, 2021, subject to the continued employment of the reporting person through each such vesting date.
F8 The Restricted Stock Units do not have an expiration date.