Frank Lazaran - 06 Jul 2021 Form 4 Insider Report for ALKALINE WATER Co INC (WTER)

Role: Director
Signature: /s/ Frank Lazaran
Issuer symbol: WTER
Transactions as of: 06 Jul 2021
Net transactions value: +$62,500
Form type: 4
Filing time: 06 Jul 2021, 20:28:41 UTC
Next filing: 21 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WTER	Common Stock						38,333	06 Jul 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	$62,500	+50,000		$1.25	50,000	06 Jul 2021	Units	50,000	$1.05	Direct	F2
holding	WTER	Stock Options						50,000	06 Jul 2021	Common	50,000	$1.09	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	50% vest on March 31, 2022 and 50% vest on March 31, 2023.
F2	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.

Content

50% vest on March 31, 2022 and 50% vest on March 31, 2023.

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.