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: Lee Michael Alan (Chief Financial Officer)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$36.34	2024-12-24	Common Shares (450000)		Direct
Stock Option	$21.34	2026-03-27	Common Shares (81984)		Direct
Performance Share Units	$0.00	2026-03-27	Common Shares (13664)		Direct

Footnotes

F1: The options were granted on December 24, 2018 and vest in three equal annual installments on the first, second and third anniversaries of the grant date.

F2: 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.

F3: Each performance share unit represents a contingent right to receive one share of the issuer's common stock. The performance share units were granted on March 27, 2020, and vest 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 13,644 performance share units are reportable as of the date of this Form 3. The other performance share units are subject to performance criteria that have not been met and therefore are not reported in Table II.

F4: The exercise price is expressed in Canadian dollars.