Accession Number: | 0001797199-20-000005 |
Date: | 2020-11-12 |
Issuer: | CRONOS GROUP INC. (CRON) |
Original Submission Date: |
GORENSTEIN MICHAEL RYAN
111 PETER STREET, SUITE 300
TORONTO, A6 M5V 2G9
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON SHARES | 2020-11-12 | M | 4,000,000 | a | $0.19 | 4,617,447 | direct | ||
COMMON SHARES | 2020-11-12 | F | 105,151 | d | $7.14 | 4,512,296 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
WARRANTS | 0.1876 | 2020-11-12 | deemed execution date | M | 4,000,000 (d) | 2021-05-27 | common shares 4,000,000 | $0.19 | 3,990,221 | direct |
ID | footnote |
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f1 | the price reported was converted from the canadian exercise price of c$0.245 to u.s. dollars using an exchange rate of c$1.00 to us$0.7657 as reported by bloomberg as of november 11, 2020. |
f2 | on november 12, 2020, the reporting person exercised warrants to purchase 4,000,000 common shares of cronos group inc. (the "company") for c$0.245 per common share. the reporting person paid the exercise price on a cashless basis, resulting in the company's withholding of 105,151 common shares to pay the exercise price and issuing to the reporting person the remaining 3,894,849 common shares. |
f3 | the price reported is in u.s. dollars based on the exchange rate of c$1.00 to us$0.7657 as reported by bloomberg as of november 11, 2020. |
f4 | the warrants were issued between may 16, 2016 and august 12, 2016 and were immediately exercisable. |