Loop Industries, Inc. — Director's Dealing 2017

Apr 20, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Loop Industries, Inc. (LLPP)
CIK: 0001504678
Period of Report: 2017-04-03-06:00

Reporting Person: Rhee Dolrae Jennifer (N/A)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrant	$5.25		Common stock, par value $0.0001 per share (400000)		Direct
Warrant	$5.25		Common stock, par value $0.0001 per share (50000)		Direct
Warrant	$5.25		Common stock, par value $0.0001 per share (50000)		Direct
Warrant	$5.25		Common stock, par value $0.0001 per share (50000)		Direct

Footnotes

F1: Pursuant to the terms of that certain Loop Canada Inc. Employment Agreement (the "Employment Agreement"), dated March 17, 2017, by and between Loop Canada Inc., a federal Canada corporation ("Loop Canada") and wholly owned subsidiary of the Company, and D. Jennifer Rhee, effective April 3, 2017, subject to approval of the board of directors of Loop Canada, Ms. Rhee may receive, as a bonus, 400,000 warrants to purchase common stock of Loop Industries, Inc., at an exercise price of $5.25, which warrant vests quarterly, in equal amounts, over 24 months, beginning April 3, 2017. The term of such warrant would be subject to the determination of the board of directors of Loop Canada. In the event there is a "change of control" (as such term is defined in the Employment Agreement), the warrant shall immediately vest.

F2: Pursuant to the terms of the Employment Agreement, Ms. Rhee may receive, as a bonus, a warrant to purchase 50,000 shares of common stock of Loop Industries, Inc., at an exercise price of $5.25, which warrant vests at the completion of the first full-scale production facility of Loop Industries, Inc., which produces a minimum of 10,000 M/T per year of PTA & MEG. The term of such warrant would be subject to the determination of the board of directors of Loop Canada. In the event there is a "change of control" (as such term is defined in the Employment Agreement), the warrant shall immediately vest.

F3: Pursuant to the terms of the Employment Agreement, Ms. Rhee may receive, as a bonus, a warrant to purchase 50,000 shares of common stock, at an exercise price of $5.25, which warrant vests once Loop Industries, Inc. delivers a minimum of 10,000 M/T per year of PTA & MEG or PET to a commercial client. The term of such warrant would be subject to the determination of the board of directors of Loop Canada. In the event there is a "change of control" (as such term is defined in the Employment Agreement), the warrant shall immediately vest.

F4: Pursuant to the terms of the Employment Agreement, Ms. Rhee may receive, as a bonus, a warrant to purchase 50,000 warrants to purchase common stock of Loop Industries, Inc., at an exercise price of $5.25, that vests at the completion of the second full-scale production facility producing a minimum of 40,000 M/T per year of PTA & MEG. The term of such warrant would be subject to the determination of the board of directors of Loop Canada. In the event there is a "change of control" (as such term is defined in the Employment Agreement), the warrant shall immediately vest.