Initial Statement of Beneficial Ownership (3)
January 02 2020 - 4:34PM
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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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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Holewinski David |
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/1/2020
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3. Issuer Name and Ticker or Trading Symbol
Village Farms International, Inc. [VFF]
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(Last)
(First)
(Middle)
C/O VILLAGE FARMS INTERNATIONAL, INC, 4700 80TH STREET |
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)
DELTA, A1 V4K 3N3
(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 | 87500 | D | |
Common Shares | 45500 | I | Held through Spouse (Nancy Holewinski) |
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 |
Options | (1) | 6/5/2028 | Common Shares | 36000 | $4.40 (2) | D | |
Options | (3) | 3/18/2024 | Common Shares | 25000 | $1.12 (2) | D | |
Options | (4) | 3/12/2029 | Common Shares | 15000 | $13.82 (2) | D | |
Options | (5) | 3/29/2026 | Common Shares | 25000 | $1.09 (2) | D | |
Explanation of Responses: |
(1) | The Options were issued on June 5, 2018 and will vest over a three year period, with one-third (1/3) of the issued Options vesting on each of the first 3 anniversaries of the date of the grant. As of the date hereof, 12,000 Options have vested and 24,000 Options are unvested. |
(2) | Converted to USD based on the average daily exchange rate of the Bank of Canada reported on December 20, 2019. |
(3) | The Options were issued on March 18, 2014 and became fully vested on the third anniversary of the grant date. |
(4) | The Options were issued on March 12, 2019 and will vest over a three year period, with one-third (1/3) of the issued Options vesting on each of the first 3 anniversaries of the date of the grant. As of the date hereof, all 15,000 Options are unvested. |
(5) | The Options were issued on March 29, 2016 and became fully vested on the third anniversary of the grant date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Holewinski David C/O VILLAGE FARMS INTERNATIONAL, INC 4700 80TH STREET DELTA, A1 V4K 3N3 | X |
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Signatures
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/s/Stephen C. Ruffini, Attorney-in-Fact | | 1/1/2020 |
**Signature of Reporting Person | Date |
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