SEC Form 4 · accession 0001477932-19-000017
Loop Industries, Inc. · LOOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nelson Gentiletti
Officer — COO and CFO
Period of report
Jan 1, 2019
Accepted (ET)
Jan 3, 2019 · 5:01 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jan 1, 2019 | A | 260,255 | A | — | — | Common Stock | 260,255 | 260,255 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of Loop Industries, Inc. common stock.
- F22,855 RSUs vest in 1/3 increments on each anniversary of the grant date, being January 1, 2019, with full vesting to occur upon the later of February 28, 2024 or Reporting Person's retirement date with the Company; 257,400 RSUs shall fully vest on February 28, 2024; in each case, subject to Reporting Person continuing to be an Officer of Loop Industries, Inc. through such date.