SEC Form 4 · accession 0001477932-17-005652
Loop Industries, Inc. · LOOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Zitella
Officer — Chief Financial Officer
Period of report
Nov 8, 2017
Accepted (ET)
Nov 15, 2017 · 5:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001504678
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $13.89 | Nov 8, 2017 | A | 280,000 | A | — | Nov 8, 2027 | Common Stock | 280,000 | 280,000 | D |
Explanation of responses
- F1200,000 shares underlying the options vest in one-third increments, on each anniversary of the grant date until such options are fully vested on 11/8/2020; 40,000 vest at the commercialization of the first manufacturing facility of Loop Industries, Inc.; and 40,000 vest at the commercialization of the second manufacturing facility of Loop Industries, Inc.