Sec Form 4 Filing - Solomita Daniel @ Loop Industries, Inc. - 2019-06-27-06:00

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
Solomita Daniel
2. Issuer Name and Ticker or Trading Symbol
Loop Industries, Inc. [ LOOP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
480 FERNAND POITRAS
3. Date of Earliest Transaction (MM/DD/YY)
06/27-06:00/2019
(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 ) 06/27-06:00/2019 A 1,000,000 ( 1 )( 2 ) ( 1 ) Common Stock 1,000,000 $ 0 1,000,000 D
Restricted Stock Units ( 1 ) 06/27-06:00/2019 A 3,000,000 ( 1 ) ( 1 ) Common Stock 3,000,000 $ 0 3,000,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Solomita Daniel
480 FERNAND POITRAS
TERREBONNE, A8J6Y 1Y4
X X President and CEO
Signatures
/s/ Daniel Solomita 07/01-06:00/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to Mr. Solomita's amended and restated employment agreement, dated July 13, 2018, the Company's board of directors (the "Board") previously approved a grant of 4,000,000 restricted stock units (the "RSUs") to Mr. Solomita, subject to certain performance-based and time-based vesting requirements and effective and contingent upon approval by the Company's shareholders at the Company's 2019 annual meeting of an increase in the number of shares available for grant under the Company's 2017 Equity Incentive Plan (the "Plan"). On June 27, 2019, the Company's shareholders approved the increase to the Plan and the grant of the 4,000,000 RSUs was made, subject to the certain performance-based and time-based vesting requirements described below. 1,000,000 of the RSUs vest upon the achievement of each four certain performance milestones. Once vested in accordance with the milestones, one-fifth of the RSUs will be settled annually, generally commencing on the first settlement date following the date of vesting.
( 2 )The first performance milestone has already been achieved and thus 1,000,000 of the RSUs are already vested. In accordance with the grant terms, one-fifth of these 1,000,000 RSUs will be settled annually commencing on the first settlement date following the date of vesting.

Remarks:
Exhibit List: Exhibit 24 - Power of Attorney

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