SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Solomita Daniel

(Last)

(First)

(Middle)

480 FERNAND POITRAS

(Street)

TERREBONNE

J6Y 1Y4

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Loop Industries, Inc. [ LOOP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/27/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/27/2019		A		1,000,000		⁽¹⁾⁽²⁾	⁽¹⁾	Common Stock	1,000,000	$0	1,000,000	D
Restricted Stock Units	⁽¹⁾	06/27/2019		A		3,000,000		⁽¹⁾	⁽¹⁾	Common Stock	3,000,000	$0	3,000,000	D

Explanation of Responses:

1. Pursuant to Mr. Solomita's amended and restated employment agreement, dated July 13, 2018, the Company's board of directors (the "Board") previously approved a grant of 4,000,000 restricted stock units (the "RSUs") to Mr. Solomita, subject to certain performance-based and time-based vesting requirements and effective and contingent upon approval by the Company's shareholders at the Company's 2019 annual meeting of an increase in the number of shares available for grant under the Company's 2017 Equity Incentive Plan (the "Plan"). On June 27, 2019, the Company's shareholders approved the increase to the Plan and the grant of the 4,000,000 RSUs was made, subject to the certain performance-based and time-based vesting requirements described below. 1,000,000 of the RSUs vest upon the achievement of each four certain performance milestones. Once vested in accordance with the milestones, one-fifth of the RSUs will be settled annually, generally commencing on the first settlement date following the date of vesting.

2. The first performance milestone has already been achieved and thus 1,000,000 of the RSUs are already vested. In accordance with the grant terms, one-fifth of these 1,000,000 RSUs will be settled annually commencing on the first settlement date following the date of vesting.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Daniel Solomita	07/01/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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