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

Role
Chief Operating Officer
Signature
/s/ Jenny Montenegro
Issuer symbol
LOWLF
Transactions as of
08 May 2021
Net transactions value
$0
Form type
3
Filing time
10 May 2021, 19:19:09 UTC
Next filing
05 Jan 2022
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 3,576 08 May 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
holding LOWLF Stock options (right to buy) 08 May 2021 Subordinate Voting Shares 40,000 $0.6800 Direct F1
holding LOWLF Stock options (right to buy) 08 May 2021 Subordinate Voting Shares 15,000 $0.8500 Direct F2
holding LOWLF Stock options (right to buy) 08 May 2021 Subordinate Voting Shares 300,000 $0.3460 Direct F3
holding LOWLF Restricted Stock Units 08 May 2021 Subordinate Voting Shares 85,000 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the options are vested and exercisable as of the date of this Form 3. The remainder of the options vest and become exercisable in 3 equal annual installments beginning on December 10, 2021.
F2 25% of the options are vested and exercisable as of the date of this Form 3. The remainder of the options vest and become exercisable in 3 equal annual installments beginning on January 1, 2022.
F3 25% of the options are vested and exercisable as of the date of this Form 3. The remainder of the options vest and become exercisable in 3 equal annual installments beginning on April 15, 2022.
F4 The restricted stock units vest in three equal annual installments beginning on January 1, 2022.
F5 Each restricted stock unit represents a contingent right to receive one Subordinate Voting Share on the applicable vesting date.