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Cronos Group Inc. — Director's Dealing 2021
Mar 18, 2021
32126_dirs_2021-03-18_77eb77e4-13d2-4a7f-bc4b-fe6dc274f78f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Cronos Group Inc. (CRON)
CIK: 0001656472
Period of Report: 2021-03-16
Reporting Person: GORENSTEIN MICHAEL RYAN (Director, Executive Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-16 | COMMON SHARES | M | 437500 | $1.9391 | Acquired | 8870036 | Direct |
| 2021-03-16 | COMMON SHARES | F | 175178 | $10.6974 | Disposed | 8694858 | Direct |
| 2021-03-16 | COMMON SHARES | M | 1272916 | $2.5161 | Acquired | 9967774 | Direct |
| 2021-03-16 | COMMON SHARES | F | 559960 | $10.6974 | Disposed | 9407814 | Direct |
| 2021-03-16 | COMMON SHARES | M | 103125 | $6.0658 | Acquired | 9510939 | Direct |
| 2021-03-16 | COMMON SHARES | F | 70427 | $10.6974 | Disposed | 9440512 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-16 | COMMON SHARE OPTION (right to buy) | $1.9391 | M | 437500 | Disposed | 2022-08-24 | COMMON SHARES (437500.0) | Direct |
| 2021-03-16 | COMMON SHARE OPTION (right to buy) | $2.5161 | M | 1272916 | Disposed | 2022-04-12 | COMMON SHARES (1272916.0) | Direct |
| 2021-03-16 | COMMON SHARE OPTION (right to buy) | $6.0658 | M | 103125 | Disposed | 2023-05-17 | COMMON SHARES (103125.0) | Direct |
Footnotes
F1: The price reported was converted from the Canadian exercise price of C$2.42 to U.S. dollars using an exchange rate of C$1.00 to US$0.8013 as reported by Bloomberg as of March 15, 2021.
F2: Cronos Group Inc. (the "Company") withheld 175,178 common shares underlying the options for payment of the exercise price and to cover applicable withholding taxes, using the closing price of the Company's common shares on March 15, 2021 of C$13.35 as reported on the Toronto Stock Exchange.
F3: The price reported is in U.S. dollars based on the exchange rate of C$1.00 to US$0.8013 as reported by Bloomberg as of March 15, 2021.
F4: The price reported was converted from the Canadian exercise price of C$3.14 to U.S. dollars using an exchange rate of C$1.00 to US$0.8013 as reported by Bloomberg as of March 15, 2021.
F5: The Company withheld 559,960 common shares underlying the options for payment of the exercise price and to cover applicable withholding taxes, using the closing price of the Company's common shares on March 15, 2021 of C$13.35 as reported on the Toronto Stock Exchange.
F6: The price reported was converted from the Canadian exercise price of C$7.57 to U.S. dollars using an exchange rate of C$1.00 to US$0.8013 as reported by Bloomberg as of March 15, 2021.
F7: The Company withheld 70,427 common shares underlying the options for payment of the exercise price and to cover applicable withholding taxes, using the closing price of the Company's common shares on March 15, 2021 of C$13.35 as reported on the Toronto Stock Exchange.
F8: The options were granted August 24, 2017 and vest in monthly installments over a four-year period.
F9: The options were granted April 12, 2017 and vest in monthly installments over a four-year period.
F10: The options were granted May 17, 2018 and vest in monthly installments over a four-year period.