SunOpta Inc. — Director's Dealing 2020

Aug 17, 2020

SEC Form 4/A — Form 4/A

Issuer: SunOpta Inc. (STKL)
CIK: 0000351834
Period of Report: 2020-07-10

Reporting Person: Versteegh Geradus Joseph Maria (SVP & GM)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-10	Performance Stock Units	$	A	28519	Acquired		Common Shares (28519)	Direct
2020-07-10	Stock Option (Right to Buy)	$4.73	A	26484	Acquired	2030-07-10	Common Shares (26484)	Direct
2020-07-10	Restricted Stock Units	$	A	14260	Acquired		Common Shares (14260)	Direct

Footnotes

F1: Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.

F2: The original Form 4 incorrectly reported the amount as 28,431 due to a clerical error.

F3: The reporting person was granted performance stock units (the "Performance Units") on July 10, 2020. The vesting of the Performance Units is subject to the satisfaction of certain fiscal year EBITDA achieved during the period commencing on the grant date and ending on December 31, 2022 (the "Performance Period"). For the EBITDA performance conditions, 1/3 of the Performance Units will vest upon the Company achieving annual adjusted EBITDA of $80,000,000, another 1/3 will vest upon the Company achieving annual adjusted EBITDA of $100,000,000, and the final 1/3 will vest upon the Company achieving annual adjusted EBITDA of $110,000,000 during the Performance Period, and subject to continued employment through the end of the fiscal year the EBITDA performance condition is achieved.

F4: The Performance Stock Units do not have an expiration date.

F5: The original Form 4 incorrectly reported the amount as 26,402 due to a clerical error.

F6: The Stock Options vest in three equal annual installments beginning on July 10, 2021, subject to the continued employment of the reporting person through each such vesting date.

F7: Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.

F8: The original Form 4 incorrectly reported the amount as 14,216 due to a clerical error.

F9: The Restricted Stock Units vest in three equal annual installments beginning on July 10, 2021, subject to the continued employment of the reporting person through each such vesting date.

F10: The Restricted Stock Units do not have an expiration date.