Jay Howard Stubina - 28 Jun 2022 Form 4 Insider Report for Loop Industries, Inc. (LOOP)

Role
Director
Signature
/s/ Jay Stubina
Issuer symbol
LOOP
Transactions as of
28 Jun 2022
Net transactions value
$0
Form type
4
Filing time
30 Jun 2022, 16:15:43 UTC
Previous filing
30 Jun 2021
Next filing
29 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOOP Common Stock Award $0 +16,686 +28% $0.000000 75,851 28 Jun 2022 Direct F1, F2
holding LOOP Common Stock 85,000 28 Jun 2022 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This reported transaction involved the reporting person's grant of 16,686 restricted stock units ("RSU"), which shall fully vest upon the earlier of the one (1) year anniversary of the grant date or on the day prior to Loop Industries, Inc.'s (the "Company") next annual meeting of stockholders occurring after the grant date, provided that the Reporting Person continues to serve as a non-employee director through the applicable vesting date. Each RSU represents a contingent right to receive one share of the Company's common stock.
F2 The reporting person has reported previous awards of RSUs under Table II of Form 4. The total reported in Column 5 includes: (i) the 16,686 newly awarded RSUs, (ii) 49,605 RSUs that had been previously reported in Table II, and (iii) 9,560 shares of common stock.
F3 Shares are held by 6337708 Canada Inc., a corporation duly formed and existing under the laws of Canada and controlled by Jay Stubina.