Aaron Keay - Jul 6, 2021 Form 4 Insider Report for ALKALINE WATER Co INC (WTER)

Role
Director
Signature
/s/ Aaron Keay
Stock symbol
WTER
Transactions as of
Jul 6, 2021
Transactions value $
$1,250,000
Form type
4
Date filed
7/6/2021, 08:25 PM
Next filing
Nov 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WTER Common Stock 200K Jul 6, 2021 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
transaction WTER Subscription Receipts Purchase $1.25M +1M $1.25 1M Jul 6, 2021 Units 1M $1.05 Klutch Financial Corp. F4
holding WTER Stock Options 350K Jul 6, 2021 Common 350K $1.29 Direct F1
holding WTER Stock Options 600K Jul 6, 2021 Common 250K $0.53 Direct F2
holding WTER Stock Options 850K Jul 6, 2021 Common 250K $1.09 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 (1) 1/4 of the options will vest on April 28, 2017 (the "Date of Grant"); on each anniversary date of the Date of Grant, additional 1/4 of the options will vest; provided, however, the options will stop vesting in the event that the Reporting Person's continuous service terminates (other than upon the Reporting Person's death or disability) while the options will continue vesting in the event that the Reporting Person's continuous service terminates as a result of the Reporting Person's death or disability.
F2 50% vest on April 3, 2020 and 50% vest on April 3, 2021.
F3 50% vest on March 31, 2021 and 50% vest on March 31, 2022.
F4 Each Subscription Receipt is convertible into of one unit (each, a "Unit") of The Alkaline Water Company Inc. (the "Issuer"). Each Unit will consist of one common share in the capital of the Issuer (each, a "Share") and one common share purchase warrant (each share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Share (each, a "Warrant Share") at $1.25 per Warrant Share for a period commencing on the closing date of the private placement (the "Closing Date") and ending three (3) years following the Closing Date. Each Subscription Receipt will automatically convert into one Unit of the Issuer upon the Issuer receiving shareholder approval for the private placement.