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

Role
Director
Signature
/s/ Aaron Keay
Stock symbol
WTER
Transactions as of
Nov 16, 2022
Transactions value $
-$382,500
Form type
4
Date filed
11/25/2022, 06:12 PM
Previous filing
Aug 31, 2022
Next filing
Mar 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTER Common Stock Award +375K +50% 1.13M Nov 16, 2022 Direct F6
holding WTER Common Stock 750K Nov 16, 2022 Direct
holding WTER Common Stock 2M Nov 16, 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 -$383K -750K -46.88% $0.51 850K Nov 16, 2022 Common 750K $0.51 Direct F4, F5
holding WTER Stock Options 350K Nov 16, 2022 Common 350K $1.29 Direct F1
holding WTER Stock Options 600K Nov 16, 2022 Common 250K $0.53 Direct F2
holding WTER Stock Options 850K Nov 16, 2022 Common 250K $1.09 Direct F3
holding WTER Stock Options 1.6M Nov 16, 2022 Common 750K $0.51 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.