Aaron Keay - 16 Nov 2022 Form 4 Insider Report for ALKALINE WATER Co INC (WTER)

Role
Director
Signature
/s/ Aaron Keay
Issuer symbol
WTER
Transactions as of
16 Nov 2022
Net transactions value
-$382,500
Form type
4
Filing time
25 Nov 2022, 18:12:45 UTC
Previous filing
31 Aug 2022
Next filing
23 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTER Common Stock Award +375,000 +50% 1,125,000 16 Nov 2022 Direct F6
holding WTER Common Stock 750,000 16 Nov 2022 Direct
holding WTER Common Stock 2,000,000 16 Nov 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 Stock Options Other $382,500 -750,000 -47% $0.5100 850,000 16 Nov 2022 Common 750,000 $0.5100 Direct F4, F5
holding WTER Stock Options 350,000 16 Nov 2022 Common 350,000 $1.29 Direct F1
holding WTER Stock Options 600,000 16 Nov 2022 Common 250,000 $0.5300 Direct F2
holding WTER Stock Options 850,000 16 Nov 2022 Common 250,000 $1.09 Direct F3
holding WTER Stock Options 1,600,000 16 Nov 2022 Common 750,000 $0.5100 Direct F4
* 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 These options were cancelled on November 16, 2022.
F6 These shares were granted as a restricted award under the 2020 Equity Incentive Plan and issued on November 16, 2022 upon vesting.