1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Options
|
(2)
|
11/09/2026 |
Subordinate Voting Shares
|
300,000
|
$
1.35
|
D
|
|
Restricted Stock Units
|
(3)
|
(3)
|
Subordinate Voting Shares
|
75,000
|
$
(4)
|
D
|
|
Warrants (right to buy)
|
12/21/2020 |
12/21/2023 |
Subordinate Voting Shares
|
91,000
|
$
1.81
(5)
|
I
|
see footnote
(1)
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Ambrose Capital Holdings, LP is the record holder of the Subordinate Voting Shares and warrants. Mr. Shure is the President of Ambrose Capital Partners, LLC, which is the general partner of Ambrose Capital Holdings, LP. Mr. Shure disclaims beneficial ownership of the Subordinate Voting Shares and warrants held by Ambrose Capital Holdings, LP except to the extent of his pecuniary interest therein. |
(2) |
50,000 of the options vested and became exercisable on November 9, 2020. The remaining options vest and become exercisable in four equal annual installments beginning on November 9, 2021. |
(3) |
The restricted stock units vest in three equal annual installments beginning on January 1, 2022. |
(4) |
Each restricted stock unit represents a contingent right to receive one Subordinate Voting Share on the applicable vesting date. |
(5) |
The exercise price was converted from $2.20 CAD using the closing rate of exchange of the Bank of Canada on May 7, 2021. The actual exercise price is the Canadian dollar amount regardless of the exchange rate on the date of exercise. |