Stephen C. Ruffini - Jan 4, 2022 Form 4 Insider Report for Village Farms International, Inc. (VFF)

Role
Chief Financial Officer, Director
Signature
/s/Stephen C. Ruffini
Stock symbol
VFF
Transactions as of
Jan 4, 2022
Transactions value $
-$281,715
Form type
4
Date filed
1/6/2022, 08:51 PM
Previous filing
Dec 6, 2021
Next filing
Jan 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VFF Common Shares Award $50K +50K +7.82% $1.00 689K Jan 3, 2022 Direct F1, F2
transaction VFF Common Shares Sale -$332K -50K -7.25% $6.63* 639K Jan 3, 2022 Direct F3, F4
holding VFF Common Shares 229K Jan 4, 2022 See Footnote F5, F6
holding VFF Common Shares 45.8K Jan 4, 2022 See Footnote F7

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 VFF Options Disposed to Issuer $0 -50K -100% $0.00* 0 Jan 3, 2022 Common Shares 50K $1.00 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted to USD based on the average daily exchange rate of the Bank of Canada reported on December 31, 2021.
F2 Includes 50,000 common shares previously acquired upon vesting of outstanding Restricted Stock Units in accordance with their terms.
F3 Mr. Ruffini was notified by his broker on January 4, 2022 of the exercise of this sale effectuated on January 3, 2022 pursuant to a Rule 10b5-1 trading plan adopted by Mr. Ruffini.
F4 The common shares were sold in multiple transactions pursuant to a 10b5-1 plan at prices ranging between US$6.82 - $6.38, inclusive. The price above reflects the weighted average sale price.
F5 In addition, on January 4, 2022, Mr. Ruffini acquired an additional 50,000 shares upon vesting of Restricted Stock Units in accordance with their terms, which have not been included in this number.
F6 Held through The Ruffini Family Revocable Trust of which Mr. Ruffini is the trustee.
F7 Held through an Individual Retirement Account.
F8 The Options were issued on March 14, 2012 and became fully vested on the third anniversary of the grant date.

Remarks:

The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.