Sec Form 4 Filing - Switzer Nelson @ Loop Industries, Inc. - 2019-03-01-07:00

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Switzer Nelson
2. Issuer Name and Ticker or Trading Symbol
Loop Industries, Inc. [ LOOP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Growth Officer
(Last) (First) (Middle)
480 FERNAND POITRAS
3. Date of Earliest Transaction (MM/DD/YY)
03/01-07:00/2019
(Street)
TERREBONNE, A8J6Y 1Y4
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 1 ) 03/01-07:00/2019 A 11,737 ( 1 ) ( 1 ) Common Stock 11,737 $ 0 11,737 D
Stock Option (Right to Buy) $ 8.75 03/01-07:00/2019 A 16,683 ( 2 ) ( 2 ) Common Stock 16,683 $ 0 16,683 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Switzer Nelson
480 FERNAND POITRAS
TERREBONNE, A8J6Y 1Y4
Chief Growth Officer
Signatures
/s/ Nelson Switzer 03/21-06:00/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On January 21, 2019, Mr. Switzer (the "Reporting Person") was granted 27,616 restricted stock units (the "RSUs"), subject to performance-based and time-based vesting requirements. These RSUs became eligible for time-based vesting upon the satisfaction of certain performance criteria on March 1, 2019. 3,913 of the shares subject to this grant shall vest on March 1, 2020, 3,912 shares shall be subject to vest on March 1, 2021, and 3,912 shares shall be subject to vest on March 1, 2022, subject to the Reporting Person continuing to be a Service Provider (as defined in the Switzer Employment Agreement, filed with the SEC on July 10, 2018 as Exhibit 10.12 to the Loop Industries, Inc. Form 10-Q/A for first quarter of fiscal year 2019) through each such date and any applicable terms set forth in the Switzer Employment Agreement (including with respect to a termination without Serious Reason (as defined in the Switzer Employment Agreement)).
( 2 )On January 21, 2019, the Reporting Person was granted an option to purchase 26,693 shares of Loop Industries, Inc. common stock, subject to performance-based and time-based vesting requirements. The options became eligible for time-based vesting upon the satisfaction of certain performance criteria on March 1, 2019. 5,561 of the shares subject to this grant shall vest on March 1, 2020, 5,561 shares shall be subject to vest on March 1, 2021, and 5,561 shares shall be subject to vest on March 1, 2022, subject to the Reporting Person continuing to be a Service Provider through each such date and any applicable terms set forth in the Switzer Employment Agreement (including with respect to a termination without Serious Reason).

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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