Amended Statement of Changes in Beneficial Ownership (4/a)
18 August 2020 - 6:41AM
Edgar (US Regulatory)
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 OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Versteegh Geradus Joseph Maria |
2. Issuer Name and Ticker or Trading Symbol
SunOpta Inc.
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STKL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP & GM |
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(Last)
(First)
(Middle)
STATIONSPLEIN, 61-65 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/10/2020 |
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(Street)
AB AMSTERDAM P7, P7 1012
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
7/14/2020 |
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security
(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 |
| Performance Stock Units | (1) | 7/10/2020 | | A | | 28519 (2) | | (3) | (4) | Common Shares | 28519 (2) | $0.00 | 28519 (2) | D | |
| Stock Option (Right to Buy) | $4.73 | 7/10/2020 | | A | | 26484 (5) | | (6) | 7/10/2030 | Common Shares | 26484 (5) | $0.00 | 26484 (5) | D | |
| Restricted Stock Units | (7) | 7/10/2020 | | A | | 14260 (8) | | (9) | (10) | Common Shares | 14260 (8) | $0.00 | 14260 (8) | D | |
| Explanation of Responses: |
| (1) | Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock. |
| (2) | The original Form 4 incorrectly reported the amount as 28,431 due to a clerical error. |
| (3) | The reporting person was granted performance stock units (the "Performance Units") on July 10, 2020. The vesting of the Performance Units is subject to the satisfaction of certain fiscal year EBITDA achieved during the period commencing on the grant date and ending on December 31, 2022 (the "Performance Period"). For the EBITDA performance conditions, 1/3 of the Performance Units will vest upon the Company achieving annual adjusted EBITDA of $80,000,000, another 1/3 will vest upon the Company achieving annual adjusted EBITDA of $100,000,000, and the final 1/3 will vest upon the Company achieving annual adjusted EBITDA of $110,000,000 during the Performance Period, and subject to continued employment through the end of the fiscal year the EBITDA performance condition is achieved. |
| (4) | The Performance Stock Units do not have an expiration date. |
| (5) | The original Form 4 incorrectly reported the amount as 26,402 due to a clerical error. |
| (6) | The Stock Options vest in three equal annual installments beginning on July 10, 2021, subject to the continued employment of the reporting person through each such vesting date. |
| (7) | Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock. |
| (8) | The original Form 4 incorrectly reported the amount as 14,216 due to a clerical error. |
| (9) | The Restricted Stock Units vest in three equal annual installments beginning on July 10, 2021, subject to the continued employment of the reporting person through each such vesting date. |
| (10) | The Restricted Stock Units do not have an expiration date. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Versteegh Geradus Joseph Maria
STATIONSPLEIN, 61-65
AB AMSTERDAM P7, P7 1012 |
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| SVP & GM |
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Signatures
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| /s/ Gerardus Joseph Maria Versteegh | | 8/17/2020 |
| **Signature of Reporting Person | Date |
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