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Filing Details

Accession Number:: 0001209191-19-023564
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-04-03 21:03:28
Reporting Period:: 2019-04-01

Accepted Time:: 2019-04-03 21:03:28
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1731348	Tilray Inc.	TLRY	Medicinal Chemicals & Botanical Products (2833)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1746057	Jr Wood Edward Pastorius	1100 Maughan Road Nanaimo A1 V9X IJ2	Chief Revenue Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class 2 Common Stock	Acquisiton	2019-04-01	43,750	$7.76	58,455	No	4	M	Direct
Class 2 Common Stock	Disposition	2019-04-01	34,088	$63.08	24,367	No	4	S	Direct
Class 2 Common Stock	Disposition	2019-04-01	6,600	$64.14	17,767	No	4	S	Direct
Class 2 Common Stock	Disposition	2019-04-01	3,062	$64.80	14,705	No	4	S	Direct
Class 2 Common Stock	Acquisiton	2019-04-01	6,250	$0.00	20,955	No	4	M	Direct
Class 2 Common Stock	Disposition	2019-04-02	2,807	$63.78	18,148	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class 2 Common Stock	Stock Option (Right to Buy)	Disposition	2019-04-01	43,750	$0.00	43,750	$7.76
Class 2 Common Stock	Restricted Stock Units	Disposition	2019-04-01	6,250	$0.00	6,250	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
306,250		2028-05-20	No	4	M	Direct
43,750	2019-04-01		No	4	M	Direct

Footnotes

The stock option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.80 to $63.79, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote 3 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.80 to $64.74, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote 4 to this Form 4.
Each restricted stock unit converted into one share of Class 2 Common Stock.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.50 to $64.40, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote 6 to this Form 4.
The shares shall vest at the rate of 25% of the shares on the twelve (12) month anniversary of April 1, 2018 (the "Vesting Commencement Date"), and the remaining option shares will vest quarterly thereafter at the rate of 6.25% of the total number of shares on each quarterly anniversary of the Vesting Commencement Date thereafter for so long as the Reporting Person remains in Continuous Service (as defined in the Company's 2018 Equity Incentive Plan), such that the total number of shares shall be fully vested on the four-year anniversary of the Vesting Commencement Date.
The remaining RSUs will vest quarterly at a rate of 6.25% of the total number of RSUs on each quarterly anniversary of January 1, 2017 (the "Vesting Commencement Date") for so long as the Reporting Person remains in Continuous Service (as defined in the Company's 2018 Equity Incentive Plan), such that the total number of RSUs shall be fully vested on the four-year anniversary of the Vesting Commencement Date.