SEC Form 4 · accession 0001477932-18-003451
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
Jul 10, 2018
Accepted (ET)
Jul 11, 2018 · 4:08 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $11.52 | Jul 10, 2018 | A | 13,209 | A | — | Jul 10, 2028 | Common Stock | 13,209 | 13,209 | D |
Explanation of responses
- F11/3rd of the shares subject to this grant shall be scheduled to vest on each of the first three anniversaries of the grant date, subject to Mr. Switzer continuing to be a Service Provider (as defined in the Switzer Employment Agreement, filed with the SEC on July 11, 2018 as Exhibit 10.12 to the Loop Industries, Inc. Form 10-Q/A for first quarter of fiscal year 2019) through each such date and any applicable terms set forth in the Switzer Employment Agreement (including with respect to a termination without Serious Reason (as defined in the Switzer Employment Agreement)).