SEC Form 4 · accession 0001477932-18-003501
Loop Industries, Inc. · LOOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald L Danks
Director
Period of report
Jul 11, 2018
Accepted (ET)
Jul 13, 2018 · 4:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001504678
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 11, 2018 | M | 9,560 | — | A | 9,560 | D | |
| Common StockF2 | holding | — | — | — | 1,404,000 | I | See footnote |
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,F3 | — | Jul 11, 2018 | M | 9,560 | D | — | — | Common Stock | 9,560 | 0 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-to-one basis.
- F2Comprises of (i) 854,000 shares held by the Danks Family Trust, (ii) 500,000 shares held by The Entrust Group FBO Donald Linn Danks IRA 7230012473, (iii) 25,000 shares held by Aaron Danks and (iv) 25,000 shares held by Andrew Danks.
- F3On October 16, 2017, the reporting person was granted 9,560 restricted stock units, vesting in full on May 31, 2018.