George Allen - 15 Aug 2022 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Director, 10%+ Owner
Signature
/s/ George Allen
Issuer symbol
LOWLF
Transactions as of
15 Aug 2022
Net transactions value
$0
Form type
4
Filing time
02 Sep 2022, 20:33:15 UTC
Previous filing
18 Jan 2022
Next filing
04 Oct 2022
SEC
View on sec.gov

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 Convertible Debenture of Indus Holding Company Purchase +2,810,203 2,810,203 15 Aug 2022 Subordinate Voting Shares 2,810,203 $0.2313 See Footnote F1, F2, F3, F4
transaction LOWLF Warrants (right to buy) Purchase +2,810,203 2,810,203 15 Aug 2022 Subordinate Voting Shares 2,810,203 $0.2613 See Footnote F3, F4
transaction LOWLF Warrants (right to buy Shares of Indus Holding Company) Purchase +4,215,305 4,215,305 15 Aug 2022 Subordinate Voting Shares 4,215,305 $0.2613 See Footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The principal amount of each convertible debenture is convertible into Class C Common Shares of Indus Holding Company ("Class C Common Shares") at $0.2313 per share. 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.
F2 Interest accrues on the convertible debentures and is payable quarterly in arrears; any accrued and unpaid interest at the time of conversion of a convertible debenture is convertible into additional Class C Common Shares at $0.2313 per share. Accrued interest is not included in the underlying share numbers.
F3 The aggregate purchase price paid for the convertible debentures and warrants is $650,000.
F4 Held by George Allen Revocable Trust. Mr. Allen is the trustee of the George Allen Revocable Trust.