SunOpta Inc. — Director's Dealing 2020

Jul 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SunOpta Inc. (STKL)
CIK: 0000351834
Period of Report: 2020-06-30

Reporting Person: Buick Mike (SVP and GM)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-30	Performance Stock Units	$	A	76782	Acquired	2021-04-22	Common Shares (76782)	Direct

Footnotes

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

F2: The Performance Stock Units ("PSUs") vest on April 22, 2021 based upon the Company's gross Adjusted EBITDA excluding Global Ingredients (the "Performance Measure") for its 2020 fiscal year. If the Performance Measure is less than $44.98 million, none of the PSUs will vest and the PSUs will expire. If the Performance Measure is at or greater than $44.98 million, a percentage of the PSUs, ranging from 50% to 100%, will vest in accordance with a vesting table and the remaining PSUs will expire. The vested amount increases by one percentage point for each level of the Performance Measure achieved, as specified in the vesting table. If the Performance Measure is greater than or equal to $53.3 million, all of the PSUs will vest. Vesting is also subject to individual performance and continued employment of the reporting person through the vesting date.