Andrew Lapham - Jun 28, 2023 Form 4 Insider Report for Loop Industries, Inc. (LOOP)

Role
Director
Signature
/s/ Andrew Lapham
Stock symbol
LOOP
Transactions as of
Jun 28, 2023
Transactions value $
$0
Form type
4
Date filed
6/29/2023, 04:17 PM
Previous filing
Jun 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOOP Common Stock Award $0 +28.8K +54.75% $0.00 81.5K Jun 28, 2023 Direct F1
holding LOOP Common Stock 4.05M Jun 28, 2023 See Footnotes F2, F3
* 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 28,841 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 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).
F3 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.