Brian Shure - 08 May 2021 Form 3 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Chief Financial Officer, Director
Signature
/s/ Brian K. Shure
Issuer symbol
LOWLF
Transactions as of
08 May 2021
Net transactions value
$0
Form type
3
Filing time
10 May 2021, 15:53:54 UTC
Next filing
01 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LOWLF Subordinate Voting Shares 34,776 08 May 2021 Direct
holding LOWLF Subordinate Voting Shares 182,000 08 May 2021 see footnote F1

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
holding LOWLF Options 08 May 2021 Subordinate Voting Shares 300,000 $1.35 Direct F2
holding LOWLF Restricted Stock Units 08 May 2021 Subordinate Voting Shares 75,000 Direct F3, F4
holding LOWLF Warrants (right to buy) 08 May 2021 Subordinate Voting Shares 91,000 $1.81 see footnote F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ambrose Capital Holdings, LP is the record holder of the Subordinate Voting Shares and warrants. Mr. Shure is the President of Ambrose Capital Partners, LLC, which is the general partner of Ambrose Capital Holdings, LP. Mr. Shure disclaims beneficial ownership of the Subordinate Voting Shares and warrants held by Ambrose Capital Holdings, LP except to the extent of his pecuniary interest therein.
F2 50,000 of the options vested and became exercisable on November 9, 2020. The remaining options vest and become exercisable in four equal annual installments beginning on November 9, 2021.
F3 The restricted stock units vest in three equal annual installments beginning on January 1, 2022.
F4 Each restricted stock unit represents a contingent right to receive one Subordinate Voting Share on the applicable vesting date.
F5 The exercise price was converted from $2.20 CAD using the closing rate of exchange of the Bank of Canada on May 7, 2021. The actual exercise price is the Canadian dollar amount regardless of the exchange rate on the date of exercise.