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SunOpta Inc. — Director's Dealing 2017
Feb 8, 2017
32477_dirs_2017-02-08_e4bebdec-83d4-446c-8360-affc7a7f201d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SunOpta Inc. (STKL)
CIK: 0000351834
Period of Report: 2017-02-06
Reporting Person: COLO DAVID (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-06 | Restricted Stock Units | $ | A | 50000 | Acquired | common shares (50000) | Direct | |
| 2017-02-06 | Stock Option (Right to Buy) | $7.00 | A | 473940 | Acquired | 2027-02-06 | common shares (473940) | Direct |
| 2017-02-06 | Performance Stock Units | $ | A | 277780 | Acquired | common shares (277780) | Direct |
Footnotes
F1: Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
F2: The Restricted Stock Units vest in three equal annual installments beginning on February 6, 2018.
F3: The Restricted Stock Units do not have an expiration date.
F4: The Stock Options will vest, if at all, on February 6, 2020 based upon (i) the reporting person's continued employment with SunOpta Inc. and (ii) meeting the following stock performance conditions for 20 consecutive trading days: one-third of the Stock Options eligible to vest upon achieving a stock price of $11.00, one-third of the Stock Options eligible to vest upon achieving a stock price of $14.00, and one-third of the Stock Options eligible to vest upon achieving a stock price of $18.00.
F5: Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
F6: The Performance Stock Units will vest, if at all, on February 6, 2020 based upon (i) the reporting person's continued employment with SunOpta Inc. and (ii) meeting the following stock performance conditions for 20 consecutive trading days: one-third of the Performance Stock Units eligible to vest upon achieving a stock price of $11.00, one-third of the Performance Stock Units eligible to vest upon achieving a stock price of $14.00, and one-third of the Performance Stock Units eligible to vest upon achieving a stock price of $18.00.
F7: The Performance Stock Units do not have an expiration date.