Aaron Keay - Aug 29, 2022 Form 4 Insider Report for ALKALINE WATER Co INC (WTER)

Role
Director
Signature
/s/ Aaron Keay
Stock symbol
WTER
Transactions as of
Aug 29, 2022
Transactions value $
$0
Form type
4
Date filed
8/31/2022, 12:47 PM
Previous filing
Aug 25, 2022
Next filing
Nov 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTER Common Stock Options Exercise $460K +1M +100% $0.46 2M Aug 29, 2022 Klutch Financial Corp.
holding WTER Common Stock 750K Aug 29, 2022 Direct
holding WTER Common Stock 1M Aug 29, 2022 Klutch Financial Corp.

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 Warrants Options Exercise -$460K -1M -100% $0.46 0 Aug 29, 2022 Common 1M $0.46 Klutch Financial Corp. F5
holding WTER Stock Options 350K Aug 29, 2022 Common 350K $1.29 Direct F1
holding WTER Stock Options 600K Aug 29, 2022 Common 250K $0.53 Direct F2
holding WTER Stock Options 850K Aug 29, 2022 Common 250K $1.09 Direct F3
holding WTER Stock Options 1.6M Aug 29, 2022 Common 750K $0.51 Direct F4
holding WTER Warrants 1M Aug 29, 2022 Common 1M $1.25 Klutch Financial Corp.
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 50% vest on August 23, 2023 and 50% vest on August 23, 2024.
F5 The exercise price is reduced to $0.46 per share from $1.25 per share.