Initial Statement of Beneficial Ownership (3)
December 31 2019 - 9:37AM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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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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ADLER JASON MARC |
2. Date of Event Requiring Statement (MM/DD/YYYY)
12/31/2019
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3. Issuer Name and Ticker or Trading Symbol
Cronos Group Inc. [CRON]
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(Last)
(First)
(Middle)
720 KING STREET WEST, SUITE 320 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Street)
TORONTO, A6 M5V 2T3
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 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 Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
COMMON SHARES | 503478 | I (1) | Held by Gotham Green Fund 1, LP |
COMMON SHARES | 2014228 | I (2) | Held by Gotham Green Fund 1(Q), LP |
COMMON SHARES | 6679092 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
COMMON SHARE OPTION (right to buy) | (3) | 8/10/2021 | COMMON SHARES | 83334 | $0.50 (4) | D | |
COMMON SHARE OPTION (right to buy) | (5) | 10/6/2021 | COMMON SHARES | 1200000 | $1.23 (4) | D | |
COMMON SHARE OPTION (right to buy) | (6) | 4/12/2022 | COMMON SHARES | 1300000 | $3.14 (4) | D | |
COMMON SHARE OPTION (right to buy) | (7) | 8/23/2022 | COMMON SHARES | 500000 | $2.42 (4) | D | |
COMMON SHARE OPTION (right to buy) | (8) | 5/17/2023 | COMMON SHARES | 150000 | $7.57 (4) | D | |
WARRANTS | 5/27/2016 | 5/27/2021 | COMMON SHARES | 3987132 | $0.245 (4) | D | |
DEFERRED SHARE UNITS | (9) | (9) | COMMON SHARES | 8484.16 | (10) | D | |
Explanation of Responses: |
(1) | Gotham Green GP 1, LLC is the general partner of Gotham Green Fund 1, LP. Mr. Adler, as the Managing Member of Gotham Green GP 1, LLC, may be deemed to be the indirect beneficial owner of such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Mr. Adler disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest. |
(2) | Gotham Green GP 1, LLC is the general partner of Gotham Green Fund 1(Q), LP. Mr. Adler, as the Managing Member of Gotham Green GP 1, LLC, may be deemed to be the indirect beneficial owner of such shares for purposes of Section 16 of the Exchange Act. Mr. Adler disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest. |
(3) | The options were granted August 10, 2016 and vest in monthly installments over a four-year period. |
(4) | The exercise price is expressed in Canadian dollars. |
(5) | The options were granted October 6, 2016 and vest in monthly installments over a four-year period. |
(6) | The options were granted April 12, 2017 and vest in monthly installments over a four-year period. |
(7) | The options were granted August 23, 2017 and vest in monthly installments over a four-year period. |
(8) | The options were granted May 17, 2018 and vest in monthly installments over a four-year period. |
(9) | Vested Deferred Share Units are mandatorily redeemed by Cronos Group Inc. (the "Company") on the first trading day after Mr. Adler ceases to be a director of the Company. |
(10) | Upon redemption, Deferred Share Units entitle Mr. Adler to receive a lump sum cash payment in an amount equal to the fair market value of Company common shares on the date of redemption. |
Remarks: Exhibit List: Exhibit 24 - Power of Attorney
This Form 3 is being filed in advance of January 1, 2020, on which date the reporting person will become subject to Section 16 of the Securities Exchange Act of 1934, as amended. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
ADLER JASON MARC 720 KING STREET WEST, SUITE 320 TORONTO, A6 M5V 2T3 | X |
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Signatures
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/s/ Xiu Ming Shum as Attorney-in-Fact for Jason M. Adler | | 12/31/2019 |
**Signature of Reporting Person | Date |
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