Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-21-013509
Date:2021-02-19
Issuer: TILRAY, INC. (TLRY)
Original Submission Date:

Reporting Person:

LEVIN JON EDWARD
2701 EASTLAKE AVE E
3RD FLOOR SEATTLE, WA 98102

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS 2 COMMON STOCK 2021-02-19 A 56,738 a $0.00 56,738 direct
CLASS 2 COMMON STOCK 2021-02-19 F 26,982 d $0.00 29,756 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
RESTRICTED STOCK UNITS 0.0 2021-02-19 deemed execution date A 56,738 (a) class 2 common stock 56,738 $0.00 56,738 direct
Footnotes
IDfootnote
f1 on august 5, 2020, the reporting person was granted restricted stock units ("rsu"), which represented a contingent right to receive 113,476 shares of issuer's class 2 common stock. the rsu was to vest 50% upon the filing date of the issuer's annual report on form 10-k for the year ended december 31, 2020, provided that the issuer achieved certain performance criteria for fourth quarter 2020 (the "performance criteria"). the performance criteria was met on february 19, 2021, resulting in the vesting of 56,738 shares under this rsu.
f2 represents the number of shares withheld by the issuer to satisfy the tax withholding obligations in connection with the vesting of the rsu.
f3 each rsu represents a contingent right to receive one share of the issuer's class 2 common stock.
f4 on february 19, 2021 the performance criteria was met allowing for the remaining 50% of the rsu (56,738 shares) to vest on january 1, 2022, subject to the reporting person providing continuous service to the issuer until such date.
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