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

Role
Director
Signature
/s/ Stephanie Harkness
Issuer symbol
LOWLF
Transactions as of
08 May 2021
Net transactions value
$0
Form type
3
Filing time
10 May 2021, 20:52:55 UTC
Next filing
04 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 60,000 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 Restricted Stock Units 08 May 2021 Subordinate Voting Shares 75,000 Direct F1, F2
holding LOWLF Stock options (right to buy) 08 May 2021 Subordinate Voting Shares 10,000 $2.03 Direct
holding LOWLF Class B Common Shares 08 May 2021 Subordinate Voting Shares 811,104 Direct F3
holding LOWLF Class B Common Shares 08 May 2021 Subordinate Voting Shares 190,231 By Harkness Family Trust F3, F4
holding LOWLF Warrants (right to buy Class B Common Shares) 08 May 2021 Subordinate Voting Shares 155,000 $2.03 Direct F3
holding LOWLF Warrants (right to buy Class B Common Shares) 08 May 2021 Subordinate Voting Shares 22,500 $1.02 Direct F3
holding LOWLF Warrants (right to buy Class B Common Shares) 08 May 2021 Subordinate Voting Shares 245,724 $2.03 By Harkness Family Trust F3, F4
holding LOWLF Class B Common Shares 08 May 2021 Subordinate Voting Shares 482,667 By Immediate Family Member F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vest on December 31, 2021.
F2 Each restricted stock unit represents a contingent right to receive one Subordinate Voting Share on the vesting date.
F3 Class B Common Shares of Indus Holding Company ("Class B Common Shares") may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis or, at the option of Indus Holding Company, for the cash equivalent of such Subordinate Voting Shares, as determined in accordance with the certificate of incorporation of Indus Holding Company. Class B Common Shares may be redeemed at any time and have no expiration date.
F4 Ms. Harkness disclaims beneficial ownership of the Class B Common Shares and warrants held by the Harkness Family Trust except to the extent of her pecuniary interest therein.
F5 The shares are held of record by Ms. Harkness's spouse. Ms. Harkness disclaims beneficial ownership of such shares.