Loop Industries, Inc. — Director's Dealing 2019

Jul 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Loop Industries, Inc. (LOOP)
CIK: 0001504678
Period of Report: 2019-06-27-06:00

Reporting Person: Solomita Daniel (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-27-06:00	Restricted Stock Units	$	A	1000000	Acquired		Common Stock (1000000)	Direct
2019-06-27-06:00	Restricted Stock Units	$	A	3000000	Acquired		Common Stock (3000000)	Direct

Footnotes

F1: Pursuant to Mr. Solomita's amended and restated employment agreement, dated July 13, 2018, the Company's board of directors (the "Board") previously approved a grant of 4,000,000 restricted stock units (the "RSUs") to Mr. Solomita, subject to certain performance-based and time-based vesting requirements and effective and contingent upon approval by the Company's shareholders at the Company's 2019 annual meeting of an increase in the number of shares available for grant under the Company's 2017 Equity Incentive Plan (the "Plan"). On June 27, 2019, the Company's shareholders approved the increase to the Plan and the grant of the 4,000,000 RSUs was made, subject to the certain performance-based and time-based vesting requirements described below. 1,000,000 of the RSUs vest upon the achievement of each four certain performance milestones. Once vested in accordance with the milestones, one-fifth of the RSUs will be settled annually, generally commencing on the first settlement date following the date of vesting.

F2: The first performance milestone has already been achieved and thus 1,000,000 of the RSUs are already vested. In accordance with the grant terms, one-fifth of these 1,000,000 RSUs will be settled annually commencing on the first settlement date following the date of vesting.