Kelly McMillin - Jan 1, 2022 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Chief Compliance Officer
Signature
/s/ Kelly McMillin
Stock symbol
LOWLF
Transactions as of
Jan 1, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 08:32 PM
Previous filing
May 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOWLF Subordinate Voting Shares Options Exercise $0 +8.33K +361.05% $0.00 10.6K Jan 1, 2022 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 -8.33K -33.33% $0.00 16.7K Jan 1, 2022 Subordinate Voting Shares 8.33K Direct F1, F2
holding LOWLF Stock options (right to buy) 75K Jan 1, 2022 Subordinate Voting Shares 75K $2.03 Direct F3
holding LOWLF Stock options (right to buy) 30K Jan 1, 2022 Subordinate Voting Shares 30K $0.85 Direct F4
holding LOWLF Class B Common Shares of Indus Holding Company 25K Jan 1, 2022 Subordinate Voting Shares 25K Direct 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 vest in three equal annual installments beginning on January 1, 2022.
F3 100% of the options are vested and exercisable as of the date of this Form 4.
F4 50% of the options are vested and exercisable as of the date of this Form 4. The remainder of the options vest and become exercisable in two equal annual installments beginning on January 1, 2023.
F5 The Class B Common Shares of Indus Holding Company may be redeemed at the option of the reporting person 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.