Aaron Keay - Sep 30, 2021 Form 4 Insider Report for ALKALINE WATER Co INC (WTER)

Role
Director
Signature
/s/ Aaron Keay
Stock symbol
WTER
Transactions as of
Sep 30, 2021
Transactions value $
$1,250,000
Form type
4
Date filed
11/18/2021, 02:00 PM
Previous filing
Jul 6, 2021
Next filing
Jan 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTER Common Stock Conversion of derivative security +1M 1M Sep 30, 2021 Klutch Financial Corp. F4
holding WTER Common Stock 200K Sep 30, 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 Conversion of derivative security -1M -100% 0 Sep 30, 2021 Units 1M $1.05 Klutch Financial Corp. F4
transaction WTER Warrants Conversion of derivative security $1.25M +1M $1.25 1M Sep 30, 2021 Common 1M $1.25 Klutch Financial Corp.
holding WTER Stock Options 350K Sep 30, 2021 Common 350K $1.29 Direct F1
holding WTER Stock Options 600K Sep 30, 2021 Common 250K $0.53 Direct F2
holding WTER Stock Options 850K Sep 30, 2021 Common 250K $1.09 Direct F3
holding WTER Subscription Receipts 1M Sep 30, 2021 Units 1M $1.05 Klutch Financial Corp. F4
* 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 was automatically converted on September 30, 2021 into units of The Alkaline Water Company Inc., with each unit consisting of one common share and one common share purchase warrant, with each share purchase warrant entitling the holder to acquire one common share at $1.25 per share for a period ending on July 6, 2024.