Form Type: 4

SEC EDGAR Link
Accession Number:0001656472-21-000027
Date:2021-03-02
Issuer: CRONOS GROUP INC. (CRON)
Original Submission Date:

Reporting Person:

GORENSTEIN MICHAEL RYAN
111 PETER STREET, SUITE 300
TORONTO, A6 M5V 2H1

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
COMMON SHARES 2021-03-02 M 487,500 a $0.39 4,999,796 direct
COMMON SHARES 2021-03-02 F 143,485 d $11.00 4,856,311 direct
COMMON SHARES 2021-03-02 M 3,990,221 a $0.19 8,846,532 direct
COMMON SHARES 2021-03-02 F 69,981 d $11.00 8,776,551 direct
COMMON SHARES 2021-03-02 S 230,000 d $11.05 8,546,551 direct
COMMON SHARES 2021-03-03 S 114,015 d $10.39 8,432,536 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
COMMON SHARE OPTION (RIGHT TO BUY) 0.3938 2021-03-02 deemed execution date M 487,500 (d) 2021-08-05 common shares 487,500 $0.39 0 direct
WARRANTS 0.1929 2021-03-02 deemed execution date M 3,990,221 (d) 2021-05-27 common shares 3,990,221 $0.19 0 direct
Footnotes
IDfootnote
f1 the price reported was converted from the canadian exercise price of c$0.50 to u.s. dollars using an exchange rate of c$1.00 to us$0.7875 as reported by bloomberg as of march 1, 2021.
f2 cronos group inc. (the "company") withheld 143,485 common shares underlying the options for payment of the exercise price and to cover applicable withholding taxes, using the closing price of the company's common shares on march 1, 2021 of c$13.97 as reported on the toronto stock exchange.
f3 the price reported is in u.s. dollars based on the exchange rate of c$1.00 to us$0.7875 as reported by bloomberg as of march 1, 2021.
f4 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$0.7875 as reported by bloomberg as of march 1, 2021.
f5 on march 2, 2021, the reporting person exercised warrants to purchase 3,990,221 common shares of 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 69,981 common shares to pay the exercise price and issuing to the reporting person the remaining 3,920,240 common shares.
f6 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $10.715 to $11.37, inclusive. the reporting person undertakes to provide to the company, any security holder of the company or the staff of the securities and exchange commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (6) and footnote (7) to this form 4.
f7 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $10.23 to $10.5901, inclusive.
f8 the options were granted august 5, 2016 and vested in monthly installments over a four-year period.
f9 the warrants were issued between may 16, 2016 and august 12, 2016 and were immediately exercisable.

Elevate your investments