SEC Form 4 · accession 0001185185-17-002573
CLS Holdings USA, Inc. · CLSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Lamadrid
Officer — President and CFO
Period of report
Dec 4, 2017
Accepted (ET)
Dec 6, 2017 · 4:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001522222
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 4, 2017 | A | 500,000 | $0.00 | A | 1,000,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted shares that will vest upon payment of the $1,800,000 installment under the Issuer's membership purchase agreement with Alternative Solutions, LLC, which payment is expected to occur in January 2018.
- F2Includes (i) 500,000 restricted shares granted under the Reporting Person's employment agreement which vest on November 30, 2018; and (ii) 500,000 restricted shares that will vest upon payment of the $1,800,000 installment under the Issuer's membership purchase agreement with Alternative Solutions, LLC, which payment is expected to occur in January 2018.