Andrew Lapham - Jun 28, 2022 Form 4 Insider Report for Loop Industries, Inc. (LOOP)

Role: Director
Signature: /s/ Andrew Lapham
Stock symbol: LOOP
Transactions as of: Jun 28, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/30/2022, 04:15 PM
Previous filing: Jun 30, 2021
Next filing: Jun 29, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOOP	Common Stock	Award	$0	+16.7K	+46.36%	$0.00	52.7K	Jun 28, 2022	Direct	F1, F2
holding	LOOP	Common Stock						4.05M	Jun 28, 2022	See Footnote	F3, F4

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

Explanation of Responses:

Id	Content
F1	This reported transaction involved the reporting person's grant of 16,686 restricted stock units ("RSU"), which shall fully vest upon the earlier of the one (1) year anniversary of the grant date or on the day prior to Loop Industries, Inc.'s (the "Company") next annual meeting of stockholders occurring after the grant date, provided that the Reporting Person continues to serve as a non-employee director through the applicable vesting date. Each RSU represents a contingent right to receive one share of the Company's common stock.
F2	The reporting person has reported previous awards of RSUs under Table II of Form 4. The total reported in Column 5 includes: (i) the 16,686 newly awarded RSUs and (ii) 35,991 RSUs that had been previously reported in Table II.
F3	Andrew Lapham may be deemed to beneficially own indirectly, in the aggregate, 4,053,567 shares of the Company's common stock by reason of his 50% ownership in the voting shares of Northern Private Capital Holdings Ltd., which holds a special limited partnership interest in Northern Private Capital Fund I Limited Partnership, a Canadian limited partnership ("NPC I LP"). In addition, Mr. Lapham owns 50% of the voting shares of each of Northern Private Capital GP I Ltd. (the general partner of NPC I LP) and Northern Private Capital Ltd. (the manager of NPC I LP).
F4	The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.