William Conrad Anton - 31 Dec 2021 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role: Director
Signature: /s/ William Anton
Issuer symbol: LOWLF
Transactions as of: 31 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 04 Jan 2022, 20:28:26 UTC
Previous filing: 01 Sep 2021
Next filing: 18 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOWLF	Subordinate Voting Shares	Options Exercise	$0	+75,000	+125%	$0.000000	135,000	31 Dec 2021	Direct
holding	LOWLF	Subordinate Voting Shares						200,000	31 Dec 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
transaction	LOWLF	Restricted Stock Units	Options Exercise	$0	-75,000	-100%	$0.000000^*	0	31 Dec 2021	Subordinate Voting Shares	75,000		Direct	F2, F3
holding	LOWLF	Stock options (right to buy)						10,000	31 Dec 2021	Subordinate Voting Shares	10,000	$2.03	Direct
holding	LOWLF	Class B Common Shares of Indus Holding Company						460,000	31 Dec 2021	Subordinate Voting Shares	460,000		Direct	F4
holding	LOWLF	Class B Common Shares of Indus Holding Company						532,917	31 Dec 2021	Subordinate Voting Shares	532,917		See Footnote	F1, F4
holding	LOWLF	Convertible Debenture of Indus Holding Company						1,026,095	31 Dec 2021	Subordinate Voting Shares	1,026,095	$0.2000	See Footnote	F1, F5, F6
holding	LOWLF	Warrants (right to buy)						1,026,095	31 Dec 2021	Subordinate Voting Shares	1,026,095	$0.2800	See Footnote	F1
holding	LOWLF	Warrants (right to buy Class B Common Shares)						245,724	31 Dec 2021	Subordinate Voting Shares	245,724	$2.03	See Footnote	F1
holding	LOWLF	Warrants (rights to buy)						100,000	31 Dec 2021	Subordinate Voting Shares	100,000	$1.40	See Footnote	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Held by Anton Enterprises Inc. Mr. Anton is the President and sole stockholder of Anton Enterprises Inc.
F2	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one Subordinate Voting Share on the vesting date
F3	The RSUs vested on December 31, 2021.
F4	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.
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.