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 |
Restricted Stock Units
|
(1)
|
(1)
|
Subordinate Voting Shares
|
25,000
|
$
(2)
|
D
|
|
Stock options (right to buy)
|
(3)
|
10/16/2023 |
Subordinate Voting Shares
|
75,000
|
$
2.0348
|
D
|
|
Stock options (right to buy)
|
(4)
|
01/01/2026 |
Subordinate Voting Shares
|
30,000
|
$
0.85
|
D
|
|
Class B Common Shares of Indus Holding Company
|
(5)
|
(5)
|
Subordinate Voting Shares
|
25,000
|
$
(5)
|
D
|
|
* |
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) |
The restricted stock units vest in three equal annual installments beginning on January 1, 2022. |
(2) |
Each restricted stock unit represents a contingent right to receive one Subordinate Voting Share on the applicable vesting date. |
(3) |
75% of the options are vested and exercisable as of the date of this Form 3. The remainder of the options vest and become exercisable on October 16, 2021. |
(4) |
25% of the options are vested and exercisable as of the date of this Form 3. The remainder of the options vest and become exercisable in 3 equal annual installments beginning on January 1, 2022. |
(5) |
The Class B Common Shares of Indus Holding Company may be redeemed at the option of the reporting person for Subordinate Voting Shares of the issuer on a one-for-one basis or, at the option of Indus Holding Company, for the cash equivalent of such Subordinate Voting Shares, as determined in accordance with the certificate of incorporation of Indus Holding Company. |