Stephanie Harkness - 31 Dec 2021 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Director
Signature
/s/ Stephanie Harkness
Issuer symbol
LOWLF
Transactions as of
31 Dec 2021
Net transactions value
$0
Form type
4
Filing time
04 Jan 2022, 20:29:15 UTC
Previous filing
10 May 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

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 F1, F2
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 811,104 31 Dec 2021 Subordinate Voting Shares 811,104 Direct F3
holding LOWLF Class B Common Shares 190,231 31 Dec 2021 Subordinate Voting Shares 190,231 By Harkness Family Trust F3, F4
holding LOWLF Warrants (right to buy Class B Common Shares) 155,000 31 Dec 2021 Subordinate Voting Shares 155,000 $2.03 Direct F3
holding LOWLF Warrants (right to buy Class B Common Shares) 22,500 31 Dec 2021 Subordinate Voting Shares 22,500 $1.02 Direct F3
holding LOWLF Warrants (right to buy Class B Common Shares) 245,724 31 Dec 2021 Subordinate Voting Shares 245,724 $2.03 By Harkness Family Trust F4
holding LOWLF Class B Common Shares 482,667 31 Dec 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 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one Subordinate Voting Share on the vesting date.
F2 The RSUs vested on December 31, 2021.
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.