Jenny Montenegro - May 8, 2021 Form 3 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Chief Operating Officer
Signature
/s/ Jenny Montenegro
Stock symbol
LOWLF
Transactions as of
May 8, 2021
Transactions value $
$0
Form type
3
Date filed
5/10/2021, 07:19 PM
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LOWLF Subordinate Voting Shares 3.58K May 8, 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) May 8, 2021 Subordinate Voting Shares 40K $0.68 Direct F1
holding LOWLF Stock options (right to buy) May 8, 2021 Subordinate Voting Shares 15K $0.85 Direct F2
holding LOWLF Stock options (right to buy) May 8, 2021 Subordinate Voting Shares 300K $0.35 Direct F3
holding LOWLF Restricted Stock Units May 8, 2021 Subordinate Voting Shares 85K 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.