Canopy Growth Corp — Director's Dealing 2020

Apr 1, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Canopy Growth Corp (CGC)
CIK: 0001737927
Period of Report: 2020-04-01

Reporting Person: Klein David Eric (Director, Chief Executive Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	350527	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$24.72	2025-12-06	Common Shares (539374)		Direct
Stock Option	$21.34	2026-03-27	Common Shares (183489)		Direct

Footnotes

F1: 91,745 of the shares reported herein were granted on March 27, 2020 in the form of restricted stock units, and will vest equally in three annual installments on the first, second and third anniversary of the grant date.

F2: On December 6, 2019, the reporting person was granted an option to purchase 1,618,122 shares of common shares. The option vests in three equal annual installments beginning on the second anniversary of the grant date based on satisfaction of certain performance criteria. The first of the performance criteria is tied directly to the market price of the common shares, and as such 539,374 options are reportable as of the date of this Form 3. The other options are subject to performance criteria that have not been met and therefore are not reported in Table II.

F3: The options were granted on March 27, 2020 and vest in three equal annual installments on the first, second and third anniversaries of the grant date.

F4: The exercise price is expressed in Canadian dollars.