Life360, Inc. — Share Issue/Capital Change 2021

Jul 4, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

LIFE360 INC.

Date of this announcement

Monday July 05, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unquoted Options	54,000	08/06/2021
to be confirmed
New class - code	Restricted Stock Units (RSUs)	92,500	08/06/2021
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

LIFE360 INC.

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ARBN

Registration number

629412942

1.3 ASX issuer code

360

1.4 The announcement is

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New announcement

1.5 Date of this announcement

5/7/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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ASX +security code +Security description
New class - code to be confirmed Unquoted Options
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
8/6/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
The 2011 Stock Incentive Plan is located at https://www.asx.com.au/asxpdf/20200807/pdf/44l9fq0qvckxzj.pdf
Options Details
+Security currency Exercise price Expiry date
USD - US Dollar USD 13.90000000 8/6/2027
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Options are exercisable into Shares of Common Stock, which may be converted into CDIs which are quoted on the ASX
(ASX:360)
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms
https://www.asx.com.au/asxpdf/20200807/pdf/44l9fq0qvckxzj.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification
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Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Issue details

Number of +securities

54,000

ASX +security code New class - code to be confirmed	+Security description Restricted Stock Units (RSUs)
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued

8/6/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.asx.com.au/asxpdf/20200807/pdf/44l9fq0qvckxzj.pdf

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.asx.com.au/asxpdf/20200807/pdf/44l9fq0qvckxzj.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

RSUs have no issue price and no exercise price. Shares in Common Stock issue upon the vesting and settlement of RSUs. The RSUs issued have an expiry date of 8 June 2031.

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

92,500

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 4 - +Securities on issue

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Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
360 : CDI 3:1 US PERSON PROHIBITED EXCLUDING QIB	151,549,074
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
360AQ : OPTION EXPIRING 03-JAN-2027 EX USD 8.95	120,000
360AAT : OPTION EXPIRING 26-MAY-2027 EX USD 13.24	221,063
360AAU : RESTRICTED STOCK UNITS EX 26-MAY-2031	24,563
360AB : RESTRICTED STOCK UNIT	207,471
360AA : OPTION EXP VAR DATES VAR PRICES	5,201,883
360AC : WARRANTS	95,576
360AH : OPTION EXPIRING 06-JUL-2030 EX USD 5.33	441,914
360AG : OPTION EXPIRING 03-JUN-2030 EX USD 4.06	20,000
360AR : RESTRICTED STOCK UNITS EX 03-JAN-2031	35,000
360AAA : OPTION EXPIRING 05-JAN-2030 EX USD 6.33	99,000
360AAB : RESTRICTED STOCK UNITS EX 05-JAN-2030	87,940
360AAC : OPTION EXPIRING 06-AUG-2029 EX USD 7.56	30,000
360AAD : RESTRICTED STOCK UNITS EX 06-AUG-2029	8,354

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
360AY : OPTION EXPIRING 28-APR-2027 EX USD 13.35	197,009
360AZ : RESTRICTED STOCK UNITS EX 28-APR-2031	60,564
360AI : OPTION EXPIRING 29-JUL-2030 EX USD 7.28	230,000
360AE : OPTION EXPIRING 23-FEB-2030 EX USD 5.80	250,000
360AF : OPTION EXPIRING 18-MAY-2030 EX USD 3.58	530,514
360AD : 3:1 CDI EQUIVALENT TO RESTRICTED STOCK UNITS	8,495,454
360AM : RESTRICTED STOCK UNITS EX 17-OCT-2030	22,250
360AO : RESTRICTED STOCK UNITS EX 01-NOV-2030	100,834
360AN : OPTION EXPIRING 17-OCT-2026 EX USD 8.45	167,658
360AL : RESTRICTED STOCK UNITS EX 05-OCT-2030	40,896
360AX : RESTRICTED STOCK UNITS EX 06-APR-2031	499,999
360AJ : OPTION EXPIRING 07-SEP-2026 EX USD 9.04	110,000
360AK : RESTRICTED STOCK UNITS EX 07-SEP-2030	426,195
360AP : RESTRICTED STOCK UNITS EX 06-DEC-2030	58,000
360AW : OPTION EXPIRING 06-APR-2027 EX USD 11.12	163,667
360AS : RESTRICTED STOCK UNITS EX 28-FEB-2031	75,500
360AAE : RESTRICTED STOCK UNITS EX 03-NOV-2029	38,438
360AAF : RESTRICTED STOCK UNITS EX 02-DEC-2029	18,375
360AAG : RESTRICTED STOCK UNITS EX 03-FEB-2030	61,589
360AAH : RESTRICTED STOCK UNITS EX 23-FEB-2030	18,750
360AAI : RESTRICTED STOCK UNITS EX 09-MAR-2030	408,180
360AAJ : OPTION EXPIRING 09-MAR-2030 EX USD 4.58	17,812
360AAK : RESTRICTED STOCK UNITS EX 06-APR-2030	211,991

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
360AAL : OPTION EXPIRING 06-APR-2030 EX USD 4.35	200,000
360AAM : RESTRICTED STOCK UNITS EX 04-MAY-2030	25,000
360AAN : RESTRICTED STOCK UNITS EX 03-JUN-2030	102,890
360AAO : RESTRICTED STOCK UNITS EX 06-JUL-2030	83,546
360AAQ : RESTRICTED STOCK UNITS EX 03-AUG-2030	15,000
360AAR : OPTION EXPIRING 02-MAY-2027 EX USD 13.27	80,000
360AAS : RESTRICTED STOCK UNITS EX 02-MAY-2031	41,500
360AU : RESTRICTED STOCK UNITS EX 01-FEB-2031	123,876
360AT : OPTION EXPIRING 01-FEB-2027 EX USD 8.89	100,000
360AV : OPTION EXPIRING 14-MAR-2027 EX USD 10.35	55,000
New class - code to be confirmed : Unquoted Options	54,000
New class - code to be confirmed : Restricted Stock Units (RSUs)	92,500

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

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