Filing Details

Accession Number:
0001567619-20-020107
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-11-19 16:48:56
Reporting Period:
2020-11-18
Accepted Time:
2020-11-19 16:48:56
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1762359 Acreage Holdings Inc. ACRG.A Retail-Miscellaneous Retail (5900) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1796877 S Glen Leibowitz 366 Madison Avenue, 11Th Floor
New York NY 10017
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock - Class D Subordinate Voting Shares Disposition 2020-11-18 703 $3.15 367,168 No 4 S Direct
Common Stock - Class E Subordinate Voting Shares Disposition 2020-11-18 1,589 $3.44 856,779 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock - Class D Subordinate Voting Shares 330 Indirect By IRA
Common Stock - Class E Subordinate Voting Shares 770 Indirect By IRA
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock - Class D Subordinate Voting Shares Stock Option (Right to Buy) $7.50 2028-11-14 72,000 72,000 Direct
Common Stock - Class E Subordinate Voting Shares Stock Option (Right to Buy) $17.50 2028-11-14 168,000 168,000 Direct
See Footnote Common Units of High Street Capital Partners, LLC $0.00 216,064 216,064 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2028-11-14 72,000 72,000 Direct
2028-11-14 168,000 168,000 Direct
216,064 216,064 Direct
Footnotes
  1. Shares sold solely for the purpose of paying taxes applicable as a result of the vesting of restricted stock units.
  2. Pursuant to the Amended Arrangement between Canopy Growth Corporation and Acreage Holdings, Inc., implemented on September 23, 2020, Acreage's articles have been amended to create new Class E subordinate voting shares (the "Fixed Shares"), Class D subordinate voting shares (the "Floating Shares") and Class F multiple voting shares (the "Fixed Multiple Shares"). Each existing Class A subordinate voting share of Acreage (each, a "Subordinate Voting Share") has been exchanged for 0.7 of a Fixed Share and 0.3 of a Floating Share, each existing Class B proportionate voting share (each, a "Proportionate Voting Share") has been exchanged for 28 Fixed Shares and 12 Floating Shares and each existing Class C multiple share (each, a "Multiple Voting Share") has been exchanged for 0.7 of a Fixed Multiple Share and 0.3 of a Floating Share.
  3. One-third of the options vested on November 14, 2019. The remaining options vest ratably over the subsequent eight quarters.
  4. These Units are convertible into 0.7 of a Class E subordinate voting share and 0.3 of a Class D subordinate voting share or the cash equivalent thereof at the option of Acreage Holdings, Inc. as set forth in the High Street Capital Partners, LLC Third Amended and Restated Operating Agreement.