Frank Lazaran - Sep 30, 2021 Form 4/A - Amendment Insider Report for ALKALINE WATER Co INC (WTER)

Role: Director
Signature: /s/ Frank Lazaran
Stock symbol: WTER
Transactions as of: Sep 30, 2021
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 12/21/2021, 12:19 PM
Date Of Original Report: Nov 18, 2021
Previous filing: Jul 6, 2021
Next filing: Dec 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WTER	Common Stock	Conversion of derivative security		+50K	+130.44%		88.3K	Sep 30, 2021	Direct	F3
holding	WTER	Common Stock						38.3K	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	-$62.5K	-50K	-100%	$1.25	0	Sep 30, 2021	Units	50K	$1.05	Direct	F3
transaction	WTER	Warrants	Conversion of derivative security	$62.5K	+50K		$1.25	50K	Sep 30, 2021	Common	50K	$1.25	Direct
holding	WTER	Stock Options						100K	Sep 30, 2021	Common	100K	$0.53	Direct	F1
holding	WTER	Stock Options						150K	Sep 30, 2021	Common	50K	$1.09	Direct	F2
holding	WTER	Subscription Receipts						50K	Sep 30, 2021	Units	50K	$1.05	Direct	F3

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

Explanation of Responses:

Id	Content
F1	One third vest on each anniversary of the date of grant.
F2	50% vest on March 31, 2022 and 50% vest on March 31, 2023.
F3	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.