SEC Form 4 · accession 0001477932-18-002605
Loop Industries, Inc. · LOOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nelson Switzer
Officer — Chief Growth Officer
Period of report
May 17, 2018
Accepted (ET)
May 18, 2018 · 7:00 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | May 17, 2018 | A | 21,130 | A | — | — | Common Stock | 21,130 | 21,130 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of Loop Industries, Inc. common stock.
- F2The RSUs vest in one-third increments, on each anniversary of the grant date until such RSUs are fully vested on 05/17/2021. For avoidance of doubt, 7,044 shares shall vest on 05/17/2019 and 7,043 shares shall vest on 05/17/2020 and 05/17/2021.