Michael Jay Lane - Oct 23, 2020 Form 3/A - Amendment Insider Report for MedMen Enterprises, Inc. (MMNFF)

Role
CIO
Signature
/s/ Michael Jay Lane
Stock symbol
MMNFF
Transactions as of
Oct 23, 2020
Transactions value $
$0
Form type
3/A - Amendment
Date filed
10/5/2021, 07:18 PM
Date Of Original Report
Oct 23, 2020
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MMNFF Class B Subordinate Voting Shares 48.9K Oct 23, 2020 Direct F1
holding MMNFF Class B Subordinate Voting Shares 1.32M Oct 23, 2020 Direct F2, F3

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 MMNFF Employee Stock Options (right to buy) Oct 23, 2020 Class B Subordinate Voting Shares 96.6K $4.03 Direct F2, F4, F5
holding MMNFF Employee Stock Options (right to buy) Oct 23, 2020 Class B Subordinate Voting Shares 543K $2.02 Direct F2, F6, F7
holding MMNFF Employee Stock Options (right to buy) Oct 23, 2020 Class B Subordinate Voting Shares 378K $0.17 Direct F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 18,519 shares of restricted Class B Subordinate Voting Shares issued pursuant to Issuer's 2018 Stock Incentive Plan.
F2 Issued pursuant to Issuer's 2018 Stock Incentive Plan.
F3 Represents restricted stock units ("RSUs"), which vest annually over four years with 37.5% of shares vesting on 6/30/2021 and 6/30/2023, and 12.5% of shares vesting on 6/30/2022 and 6/30/2024. RSUs are equivalent to Issuer's Class B Subordinate Voting Shares and may be settled solely by delivery of an equal number of such shares of Issuer.
F4 Options vest over four years with 25% vesting on April 11, 2019. The balance vest equally on a monthly basis thereafter.
F5 Such Options have an exercise price of CAN$5.25, which is equivalent to US$4.03 at an exchange rate of 1.3020.
F6 One-third of Options vest when Issuer's stock trades at CAN$15, one-third of Options vest when Issuer's stock trades at CAN$30, and the remaining one-third of Options vest when Issuer's stock trades at CAN$60.
F7 Such Options have an exercise price of CAN$2.66, which is equivalent to US$2.02 at an exchange rate of 1.3148.
F8 Such options have an exercise price of CAN$0.22, which is equivalent to US$0.1670 at an exchange rate of 1.3173.