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Cronos Group Inc. — Director's Dealing 2019
Dec 31, 2019
32126_dirs_2019-12-31_7e2dae6c-fe5e-423d-bbc5-29f427824e10.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Cronos Group Inc. (CRON)
CIK: 0001656472
Period of Report: 2019-12-31
Reporting Person: ADLER JASON MARC (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| COMMON SHARES | 503478 | Indirect |
| COMMON SHARES | 2014228 | Indirect |
| COMMON SHARES | 6679092 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| COMMON SHARE OPTION (right to buy) | $0.50 | 2021-08-10 | COMMON SHARES (83334) | Direct | |
| COMMON SHARE OPTION (right to buy) | $1.23 | 2021-10-06 | COMMON SHARES (1200000) | Direct | |
| COMMON SHARE OPTION (right to buy) | $3.14 | 2022-04-12 | COMMON SHARES (1300000) | Direct | |
| COMMON SHARE OPTION (right to buy) | $2.42 | 2022-08-23 | COMMON SHARES (500000) | Direct | |
| COMMON SHARE OPTION (right to buy) | $7.57 | 2023-05-17 | COMMON SHARES (150000) | Direct | |
| WARRANTS | $0.245 | 2021-05-27 | COMMON SHARES (3987132) | Direct | |
| DEFERRED SHARE UNITS | $ | COMMON SHARES (8484.16) | Direct |
Footnotes
F1: Gotham Green GP 1, LLC is the general partner of Gotham Green Fund 1, LP. Mr. Adler, as the Managing Member of Gotham Green GP 1, LLC, may be deemed to be the indirect beneficial owner of such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Mr. Adler disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest.
F2: Gotham Green GP 1, LLC is the general partner of Gotham Green Fund 1(Q), LP. Mr. Adler, as the Managing Member of Gotham Green GP 1, LLC, may be deemed to be the indirect beneficial owner of such shares for purposes of Section 16 of the Exchange Act. Mr. Adler disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest.
F3: The options were granted August 10, 2016 and vest in monthly installments over a four-year period.
F4: The exercise price is expressed in Canadian dollars.
F5: The options were granted October 6, 2016 and vest in monthly installments over a four-year period.
F6: The options were granted April 12, 2017 and vest in monthly installments over a four-year period.
F7: The options were granted August 23, 2017 and vest in monthly installments over a four-year period.
F8: The options were granted May 17, 2018 and vest in monthly installments over a four-year period.
F9: Vested Deferred Share Units are mandatorily redeemed by Cronos Group Inc. (the "Company") on the first trading day after Mr. Adler ceases to be a director of the Company.
F10: Upon redemption, Deferred Share Units entitle Mr. Adler to receive a lump sum cash payment in an amount equal to the fair market value of Company common shares on the date of redemption.