William Conrad Anton - 08 May 2021 Form 3 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Director
Signature
/s/ William Anton
Issuer symbol
LOWLF
Transactions as of
08 May 2021
Net transactions value
$0
Form type
3
Filing time
12 May 2021, 16:09:44 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 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 of Indus Holding Company 08 May 2021 Subordinate Voting Shares 460,000 Direct F3
holding LOWLF Class B Common Shares of Indus Holding Company 08 May 2021 Subordinate Voting Shares 532,917 see footnote F3, F4
holding LOWLF Convertible Debenture of Indus Holding Company 08 May 2021 Subordinate Voting Shares 1,026,095 $0.2000 see footnote F4, F5, F6
holding LOWLF Warrants (right to buy) 08 May 2021 Subordinate Voting Shares 1,026,095 $0.2800 see footnote F4
holding LOWLF Warrants (right to buy Class B Common Shares) 08 May 2021 Subordinate Voting Shares 245,724 $2.03 see footnote F4
* 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 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 Held by Anton Enterprises, Inc. Mr. Anton is the President and sole stockholder of Anton Enterprises, Inc.
F5 The principal amount of the Convertible Debentures is convertible into Class C Common Shares of Indus Holding Company ("Class C Common Shares"). Class C Common Shares may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis in accordance with the certificate of incorporation of Indus Holding Company. Class C Common Shares may be redeemed at any time and have no expiration date.
F6 Interest accrues on the Convertible Debenture and is payable quarterly in arrears; any accrued and unpaid interest at the time of conversion of the Convertible Debenture is convertible into additional Class C Common Shares at $0.20 per share.