Form Type: 4

SEC EDGAR Link
Accession Number:0000899243-22-013360
Date:2022-03-31
Issuer: DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTT)
Original Submission Date:

Reporting Person:

RHOTEN DIANA
7303-30TH STREET
SE CALGARY, A0 T2C 1N6

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
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
DEFERRED SHARE UNIT 0.0 2022-03-31 deemed execution date A 33,132 (a) common shares 33,132 $0.00 49,242 direct
Footnotes
IDfootnote
f1 each deferred share unit is the economic equivalent of one share of the issuer's common shares. generally, thirty days following the date that the reporting person ceases to serve on the board of directors of the issuer, the deferred share units will be settled in cash based on the volume weighted average price of the common shares for the five immediately preceding days on which the common shares were trading on the toronto stock exchange; provided, however that if the issuer's common shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "market value").
f2 the price used to calculate the number of dsus granted was $1.441 which was the market value of the issuer's common shares on the date of grant.
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